Category Archives: Credit Repair
- Veracity Credit Consultants Reaches Settlement With Colorado Attorney General
Colorado Attorney General John Suthers announced recently he has reached a settlement with a Veracity Credit Consultants LLC, a Denver-based company, that bars the company from charging upfront fees in exchange for credit-repair services as well as misleading consumers about their abilities to cleanse consumers’ credit reports. Under the terms of the agreement, Veracity Credit [...]
- Credit Repair Company Keeps on Pitching. FTC Does Not Find It Funny.
Responding to charges by the Federal Trade Commission, a U.S. district court has found a credit repair seller in contempt for violating a previous court order that required him to stop promoting worthless credit repair products and services to consumers. The contempt order finds Rick Lee Crosby, Jr. in civil contempt for violating a permanent [...]
- True Cradle Robbers – Stealing Credit From The Cradle
It’s often not a parent’s first thought to check the credit report of their minor child, however, it may now become a necessity. Not because a child may fraudulently be using credit without their parents’ knowledge but because scammers may have stolen their unused Social Security number and identity. The Better Business Bureau (BBB) put [...]
- Free Debt Relief Industry Regulation and Legislation Tracking
I’m happy to announce today that both consumers and debt relief companies will now have FREE access to debt relief industry compliance, regulation, and legislation resources. This site module for the GetOutOfDebt.org site will give site visitors fee access to be better informed and educated about debt relief industry regulations. In this module you will [...]
- Selling or Buying Credit Repair Services? Read This Before You’re Busted.
The latest unbelievable resurgence in the debt relief world is advanced fee credit repair. That ship sailed a decade ago, at least. Companies are telling marketers that they can sell credit repair services and basically “charge whatever” they want to. But there is this little thing called the Credit Repair Organizations Act (CROA) that prohibits [...]
- TRW Credit Repair and Randy Wells. Idiots.
Thomas Randall Wells, TRW Ventures LLC, TRW Ventures Inc, TRW Credit Repair Experts Inc and TRW Credit Group LLP are apparently just plain stupid. The defendants in McDaniel v. Wells filed in Arkansas Federal Court by the Arkansas Attorney General, elected to do two unbelievable things. Sell credit repair services for an advanced fee. Not [...]
- Lang Smith and Credit Mastery Challenge, At It Again. Still Looking for Suckers Willing to Pay.
Previously I wrote about Lang Smith and his Credit Mastery Challenge, See these articles. Well apparently Lang Smith is at it again, still pushing his quite possibly illegal advanced fee credit services in violation of the Credit Repair Organizations Act. Consumers receiving his emails are alarmed and reporting his continued marketing efforts to me. In [...]
- Reader Wants a Refund From Lang Smith Who He Paid Advance Fees to For Credit Repair. No Refund Received.
Not all that long ago I wrote an article about an email Credit Mastery Challenge sent out. You can read it here. In the comments for that article a reader, Elliott, came forward and make a claim that he had paid for services and asked for a refund in accordance with his agreement and Lang [...]
- Credit Repair Provider Wants to Barter for Sporting Goods
Click image for larger view. @GetOutOfDebtGuy
- Building Your Financial Future: Advice For 20-Somethings
photo © 2009 Andrew Magill | more info (via: Wylio)A lot of people always say that sometimes no credit is just as bad as poor credit. And I’d like to attest, this is correct. I, Amanda Miller, am in my 20s. Which means, you guessed it, I am the poorest I will ever be again [...]
- Credit Mastery Challenge Sends Out Crazy Email Promising to Wipe Credit File Clean
For those of us familiar with the debt and credit world. One of the things to avoid is anything that involves pre-paid services for credit repair services. That’s why when the following email was sent to me by a tipster I was shocked. Someone is going to fall for this load of bull but don’t [...]
- New Jersey Says to Avoid Credit Repair Scams. Puts Out Interesting Video.
The Garden State has launched a campaign to help warn consumers about credit repair scams. Theor campaing is replete with a credit repair brochure, video and radio ad. NJ Credit Repair Warning I did laugh out loud at the video they put put below. The guy in the video, who apparently overspends on his credit [...]
- Credit Repair Operation Barred By Court From Collecting Up-Front Fees
A credit repair operation has agreed to stop making false claims and stop charging up-front fees under a settlement with the Federal Trade Commission. The settlement is part of an ongoing crackdown on scams that target financially strapped consumers, taking hundreds of dollars of fees to purportedly remove negative information from consumers’ credit reports even [...]
- Credit Repair Scams on the Rise
A recent article by Kenneth Harney of the Washington Post pointed out an observation I’ve had as well, credit repair scams are on the rise. These scams make believe believe that for a fee, bankruptcies, judgments, law suits, collection activity, or other derogatory items can be removed from a consumer credit report. That is simply [...]
- Deceptive ‘Credit Card’ Marketers Settle FTC Charges; Cards Were Good Only for Buying ‘Low Pay’ Catalog Merchandise at High Prices
As part of its ongoing efforts to stop deceptive marketing, the Federal Trade Commission halted an operation that deceived consumers into paying for bogus credit cards and charged them illegal fees. The marketers behind this operation agreed to a settlement that will halt their illegal tactics and provide money for consumer redress. The FTC reached [...]