I did laugh out loud at the video they put put below.
The guy in the video, who apparently overspends on his credit card to impress a woman, gets declined and rejected. His date never goes out with him again. I’m not sure if that’s a lesson in credit repair or more about how to get ‘lucky’ using credit.
“Your credit history is critically important when financing a major purchase, obtaining a loan and even when applying for a job,” said Thomas R. Calcagni, Acting Director of the Division of Consumer Affairs. “Through this outreach campaign, we want consumers to learn that everything that a credit repair company will claim to do for you legally, you can do for yourself at little or no cost. We’ve seen these so-called credit repair companies scam consumers out of hundreds of dollars while essentially doing nothing and we want consumers to be alert to these frauds.”
The outreach campaign includes radio ads that began airing today and newspaper ads will appear this Sunday. Both the radio and print ads refer consumers to the Division’s web site, www.njconsumeraffairs.gov , where detailed information has been posted.
“Consumers can report incorrect or missing information themselves, without the cost of hiring a company that promises to repair your credit,” Calcagni noted. “Be dubious of any company that claims it can erase bad credit information from your history.”
The Division of Consumer Affairs in October 2008 filed suit against a Lakewood-based credit repair and credit counseling firm, United Credit Adjusters, alleging that it failed to provide the promised services after clients made required payments in advance. The Division also alleged that contrary to the company’s representations and advertisements, consumers’ credit scores were not raised nor was negative information eliminated from credit reports.
The two officers of United Credit Adjusters were permanently barred from doing credit counseling, credit repair, debt adjuster and bankruptcy work in New Jersey, under the terms of the Final Consent Judgment entered in 2009.
“We will investigate any and all complaints about alleged fraud committed by companies that promise to repair consumers’ credit ratings,” Calcagni said.