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Credit Repair

Is 720 Funding Really Offering Illegal Credit Repair and Bogus CPN Numbers?

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As part of a look around the internet to see what credit and debt offers were about I found this ad for a company called 720 Funding at 720funding.com. That ad led me to their website where they offer what appears to be advanced fee credit repair packages with upfront fees of $5,500. Consumers should be very careful when engaging ... Read More »

Veracity Credit Consultants Reaches Settlement With Colorado Attorney General

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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 Consultants must pay the state ... Read More »

Credit Repair Company Keeps on Pitching. FTC Does Not Find It Funny.

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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 injunction against him, requires him ... Read More »

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 out a warning last week ... Read More »

Free Debt Relief Industry Regulation and Legislation Tracking

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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 find: Updates on current debt ... Read More »

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 the collection of any fee ... Read More »

TRW Credit Repair and Randy Wells. Idiots.

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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 respond to the lawsuit by ... Read More »

Lang Smith and Credit Mastery Challenge, At It Again. Still Looking for Suckers Willing to Pay.

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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 a moment I’m going to ... Read More »

Reader Wants a Refund From Lang Smith Who He Paid Advance Fees to For Credit Repair. No Refund Received.

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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 Smith refused to provide it. ... Read More »

Credit Repair Provider Wants to Barter for Sporting Goods

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Building Your Financial Future: Advice For 20-Somethings

Photo Credit: AMagill

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 (knock on wood). When I ... Read More »

Credit Mastery Challenge Sends Out Crazy Email Promising to Wipe Credit File Clean

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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 (send in your tips here) I was shocked. Someone is going to fall for this load of bull but don’t ... Read More »

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 card to impress a woman, ... Read More »

Credit Repair Operation Barred By Court From Collecting Up-Front Fees

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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 if the information is accurate ... Read More »

Credit Repair Scams on the Rise

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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 not true. One such company ... Read More »

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