TL;DR:Fixing your credit isn’t hard. But the booming billion-dollar “credit repair” industry wants you to think it is—so they can sell you lies, fake identities, and fraud that might land you in prison. 🎭 The Scam That Looks Like a Solution It always starts the same way:“Erase bad credit fast.”“Start over with a new number.”“Get …
Case Information Allegations at a Glance Jacquelyne Nicole Jones alleges that Fifth Third Bank falsely reported her as delinquent on two loan payments in July and August 2022, despite her timely payments. These incorrect records were shared with Trans Union and Experian, two major credit reporting agencies, which published them in her consumer credit reports. …
Ever been curious about your credit score but didn’t want to pay for it? Or worried checking it might hurt it? Credit Karma showed up like a financial fairy godparent with a magic wand and said, “It’s free, friend.” But is it really that simple? Or is there a catch? Let’s pull back the curtain …
Think the Big Three Are the Only Ones Watching You? Think Again. Most people know about the big three credit reporting agencies—Equifax, TransUnion, and Experian. They’re the ones tracking your credit history, determining your credit score, and influencing your ability to get loans, credit cards, or even an apartment. Even your social media is being …
Today the Consumer Financial Protection Bureau and Lexington Law, the largest credit repair operation in the United States, entered into a Stipulated Final Judgement and Order the Court must approve. I would be surprised if they didn’t. I’m going to bold what I think are the most important revelations. The proposed order says, “Plaintiff Bureau …
As a result of a Federal Trade Commission lawsuit, the operators of “The Credit Game,” a credit repair scheme that cost consumers millions of dollars, face a lifetime ban from the credit repair industry in proposed court orders filed today. Michael and Valerie Rando and their companies, first sued by the FTC in May 2022, would also be …
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies about their obligation to screen for and eliminate obviously false “junk data” from consumers’ credit reports. Companies need to take steps to reliably detect and remove inconsistent or impossible information from consumers’ credit profiles. For example, many children in foster care have …
A recent court document in the Consumer Financial Protection Bureau (CFPB) case against Lexington Law, John C. Heath, PGX Holdings, Progrexion Marketing, Progrexion Teleservices, eFolks, and CreditRepair.com has produced an interesting section on credit repair billing. The CFPB states, “Plaintiff Bureau of Consumer Financial Protection (“Bureau”) alleges that Defendants John C. Heath, Attorney-at-Law, P.C., d/b/a …
Today, the Consumer Financial Protection Bureau (CFPB) penalized Hyundai Capital America (Hyundai) for repeatedly providing inaccurate information to nationwide credit reporting companies and failing to take proper measures to address inaccurate information once it was identified between 2016 and 2020. The CFPB found that Hyundai used manual and outdated systems, processes, and procedures to furnish …
In 2019 the Consumer Protection Financial Bureau (CFPB) filed suit against the popular company for credit repair, Lexington Law. Parties named in the suit are Progrexion Marketing, PGX Holdings, Progrexion Teleservices, Efolks, CreditRepair.com, John C. Heath Attorney at Law, and Lexington Law. This has been a difficult story to follow since Lexington Law and others …