If you are surprised by what I’m about to share with you, you should not be. The allegation is a minister who was previous charged with identity theft and drug charges has been running an Illinois credit repair business that has left some unhappy consumers without refunds. “Moshamba Cannon was a preacher with a message, …
So here is the predictable circle of life with some of the debt relief troubles I’ve written about. I write about a company. I get attacked that I don’t know what I’m talking about. The regulators take action. The company is toast. Sometimes the underlying people behind these efforts make a ton of money, stash …
“Dear Steve, While desperately searching the Internet for help with a Robo Caller, Credit Repair Group, I came across your article. Thru NO FAULT of ours, we’ve been harassed by this Company since last June. I have well documented every call with both my Caller ID, as well as, my answering machine. My Husband and …
“Dear Steve, Received an email from someone telling me that they can help me establish new credit using SCN. What is a SCN? They said it was legal and I am wondering why I have not heard of it before. Why can these people get one and I can not if they are legal? Why …
I get so tired of ads proclaiming there is some magic to credit repair, and they charge an arm and a leg. Or how about the ads that claim they can get you a new alternative number to use in place of your social security number. That’s just illegal to use to apply for credit. …
As part of my efforts to protect consumers, I poke around and look at advertisements and sales claims by debt relief companies. The help wanted ads are a great way to see who is motivated first by money rathe than offering exceptional consumer advice. Take for example the two advertisements today for a group called …
Edwin Jacquet was sentenced yesterday in Manhattan federal court to 63 months in prison for his leadership role in what is believed to be the largest known credit repair fraud scheme ever charged. He was also ordered to pay more than $9.3 million in restitution for the losses caused by the scheme. Jacquet pled guilty …
The FTC has announced they went back after Latrese & Kevin Enterprises, Hargrave & Associates Financial Solutions, Latrese Hargrave, Latrese V. Williams, and Kevin Hargrave, Sr. The couple and their companies somehow allegedly resurrected their credit repair outfit after they had been previous slapped by the FTC. Credit repair companies nailed by FTC. – (Click …
‘File Segregation’: New ID Is a Bad IDea If you have filed for bankruptcy, you may be the target of a credit repair scheme called file segregation, SCN or Secondary Credit Number, or CPN or Credit Profile Number. In this scheme, you are promised a chance to hide unfavorable credit information by establishing a new …
I saw an online ad for a company called Prime Credit Experts that said “Permanently Remove Charge Offs – Immediately Improve Your Credit Score.” – Source. So of course I had to go take a look at their site. When credit repair companies make claims about their services and being able to delete inaccurate information …