fbpx

Credit Repair Scams on the Rise

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 … Read more

Clean Credit Report Services Loses Big to FTC

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, in this case taking hundreds of dollars in fees to purportedly remove negative information from consumers’ … Read more

‘Operation Clean Sweep’: FTC and State Agencies Target 36 ‘Credit Repair’ Operations

‘Operation Clean Sweep’: FTC and State Agencies Target 36 ‘Credit Repair’ Operations October 23, 2008 The Federal Trade Commission and 24 state agencies today announced a crackdown on 33 operations that deceptively claim they can remove negative information from consumers’ credit reports, even if that information is accurate and timely. In the seven FTC actions … Read more