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Credit Repair

Ring Facing Jail Over Use of CPN and Alternative Ways to Restore Credit

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Jail

United States Attorney Robert J. Higdon, Jr. announced the unsealing of a Second Superseding Indictment charging the following: Michael Anthony Griffin, Sr. (“MGriffin”) 52, of Knightdale, North Carolina; Regina Griffin (MGriffin’s sister), 48, of Raleigh, North Carolina; Angela Griffin (MGriffin’s wife), 52, of Knightdale, North Carolina; Creshun Alexandria Griffin (MGriffin’s daughter), 26, of Knightdale, North …

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CFPB Slaps Back at Credit Repair Group NACSO – Hard

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Not all that long ago the National Association of Credit Service Organizations (NACSO) sued the Consumer Financial Protection Bureau (CFPB) to have them back off the industry. You can see past posts, here. NACSO had solicited funds from members to help pay for a suit filed by Greenspoon Marder against the CFPB. You can read …

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NACSO Member Key Credit Repair Sued by CFPB

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The credit repair world is exploding in a giant pissing contest right now. The National Association of Credit Services Organizations (NACSO) recently held a fundraiser for membership money to sue the CFPB and seek to eliminate the Telemarketing Sales Rule (TSR). The following day after filing suit against the Consumer Financial Protection Bureau (CFPB) the …

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Will This Court Opinion Hamper the Suit Filed by Credit Repair Groups Against CFPB?

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Recently I wrote about the valiant effort of the National Association of Credit Services Organizations (NACSO) to get some clarity from the Court regarding the unfavorable language of the Telemarketing Sales Rule (TSR). It appears the intention of the lawsuit filed against the Consumer Financial Protection Bureau (CFPB) is to invalidate the part of the …

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Adding Tradelines and Authorized Users to Credit Report Can Land You in Court if You Sell Credit Repair

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Here is an important lesson for any company or person that is selling any service that uses added authorized users or tradelines to a consumer credit report in order to improve the credit score. The information below comes directly from the case filed by the Federal Trade Commission and to make sure people don’t feel …

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Credit Repair Company Settles FTC Charges It Deceived Consumers By Telling Them “Piggybacking” on Others’ Credit Could Boost Scores

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Defendants promise “huge” credit score increases, ease in obtaining mortgages A Colorado-based credit repair company and its owner have agreed to settle Federal Trade Commission charges they mislead consumers with promises to “drastically and immediately” improve credit scores and increase access to lower rates on mortgages. In its complaint against the operators of BoostMyScore.net (BMS), the …

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How to Read the Results of Your Credit Report Dispute

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So, you’ve disputed an item on one of your credit reports, and now you’ve gotten your response. Now what? These tips about how to read the results of your credit report dispute can help. 1. Decoding the terminology  First of all, it’s important to understand the terminology you might find in the results of your …

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How Credit Repair Affects Your Credit

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How does credit repair affect your credit? One would think the answer should be fairly obvious — the entire point of credit repair is to improve credit. But it might not always work out that way. In fact, there are times when working with companies that advertise credit repair that you could be advised to …

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Credit Repair Scammers Settle With CFPB and are Banned From Industry

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The operators of a bogus credit repair scheme are banned from the credit repair business and subject to a wide array of other requirements under settlement terms with the Federal Trade Commission. The settlements relate to an FTC complaint filed in June 2019 alleging that the defendants targeted consumers with false promises of substantially improving …

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I Want to Join in Lawsuit Against Lexington Law

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Question: Dear Steve, Looking for someone to help me with the lawsuit against Lexington law I’m a client I heard through the grapevine that they are getting sued for in practices. My name is [X] I chosen Lexington law to help me with my credit score seems like I heard through the grapevine that they …

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