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Scam Auto Loan Modification Companies Permanently Closed by FTC

In a settlement with the Federal Trade Commission, two California-based companies and their principals, who allegedly took hundreds of thousands of dollars from consumers, are banned from marketing auto loan relief or any other type of debt relief to consumers. The FTC filed charges against the companies – Kore Services LLC, doing business as Auto …

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Anyone Surprised by This? Companies Claiming to Stop Auto Repossessions Smacked by FTC.

The Federal Trade Commission filed charges and requested that a U.S. district court put a stop to the allegedly deceptive tactics of two California-based auto loan modification operations. The FTC asserted that the two separate operations charged hundreds of dollars in up-front fees, based on bogus promises that they could reduce consumers’ monthly car loan …

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