Aqua Finance - A Federal Trade Commission action against household water treatment funding company Aqua Finance, Inc. (AFI) has led to a settlement that will provide $20[...]

Tags:

• Consumer Protection
• Bureau of Consumer Protection

A Federal Trade Commission action against household water treatment funding company Aqua Finance, Inc. (AFI) has led to a settlementthat will provide $20 million in refunds and an additional $23.6 million in debt forgiveness for consumers harmed by its dealers' deceptive sales tactics.

The FTC's complaintagainst AFI charges that the company's nationwide network of dealers went door-to-door, deceiving consumers about the financing terms for water filtering and softening products. According to the complaint, the bogus claims left consumers with thousands of dollars in unexpected debt and huge interest payments, while its financing terms impaired some consumers' ability to sell their homes.

PRESS RELEASE: FTC Action Leads to $43.6 Million in Financial Relief from Water Treatment Financing Company Aqua Finance