Question:
We are developing a website that will sell a low-cost ($29.95) fully-customized report to consumers who are in debt. The report, utilizing a system known as "snow-balling" will detail the payments the consumer would need to make to payoff their debt quicker than they normally would, attacking the higher interest rate debt first. We are not offering securities of any kind, simply offering personal financial advice in return for payment. Should we be looking to register with the state? Thanks in advance for any help!
Answer:
I doubt you need a license. Sounds like an awful lot like plans which are described by Dave Ramsey and Crown Financial. I can get this plan for free on various websites, why would I pay?
Bankrate.com has it for free.
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