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Posts tagged: Apply 2 Save

Idaho bars Apply 2 Save owner

Derek Oberholtzer will never again operate a mortgage-modification business, or any other credit-counseling service, in Idaho.

Idaho Attorney General Lawrence Wasden Monday announced that the owner of Coeur d’Alene-base Apply 2 Save, which closed last year, has consented to a settlement that will deny him a license in any activity regulated by the Idaho Department of Finance.

Oberholtzer and Apply 2 Save filed bankruptcies after collecting millions in fees from hundreds of homeowners hoping to renegotiate payment terms on their mortgages. Most received little, if any, help.

Wasden sued the company and owner in April 2009, since obtaining $45,000 in restitution.   

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

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Alison Boggs (@alisonboggs) Online Producer Alison Boggs posts and manages content on and its social networking accounts.

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Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

Addy Hatch is the city editor, and formerly was business editor.

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