Put a Fork in NASCO Suit Against the CFPB

It appears the suit filed by the National Association of Credit Services Organizations (NASCO) against the Consumer Financial Protection Bureau (CFPB) is kaput. This saga began about 10 months ago when NASCO was trying to raise money from members to sue the CFPB and rid the credit repair industry of the irritating Telemarketing Sales Rules … Read more

NACSO Credit Repair Lawsuit Not a Fave of CFPB and FTC

The National Association of Credit Services Organizations (NACSO) that had previously sued the CFPB and FTC to force the TSR not to apply to credit repair groups, received a response from regulators. I’m not sure if I even need to waste keystrokes to write the CFPB and FTC disagree with NACSO. The latest response from … Read more

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

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 … Read more

Defendants in FTC Credit Repair Scheme Case Agree to Settle Charges

Defendants face monetary judgments, bans from credit repair business, and prohibitions on other deceptive practices 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 … Read more

How Credit Repair Affects Your Credit

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 … Read more

Credit Repair Groups Need to Pay Attention to This Bellwether Court Decision

In a recent opinion issued by the United States Court of Appeals for the Ninth Circuit it was determined that credit bureaus do not need to deal with dispute letters sent by a credit repair organization. The opinion stated, “A credit repair organization sent letters to Experian, a consumer reporting agency, on behalf of plaintiff, … Read more

How To Repair UK Credit After Bankruptcy In Easy Steps

It’s no over-exaggeration to say that bankruptcy can and does change your life. Not only can recovering financially be a challenge, but it also takes a toll on your emotional health. If you’re in this position, re-building your credit score can be a struggle. But we want to reassure you that with the right strategy … Read more

Fresh Credit Fix – Scam, Complaint, Review, Or Praise?

Please share your experience with this debt relief company and provide your review and feedback, in the comments section below. The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this debt relief company. Here are … Read more

Actify Solutions is a Credit Repair Company, Right?

Question: Dear Steve, I’m in debt with credit card,and I was notified by Actify Credit Solutions, they want to repair my credit, should I trust this company? I’ve tried talking to the credit card companies to lower my payment, by reducing my interest rate but they won’t do it. Should I go ahead with this … Read more

CFPB Shuts Down Credit Repair Enterprise

The Consumer Financial Protection Bureau (CFPB) filed suit against Prime Marketing Holdings, Park View Credit, National Credit Advisor, and Credit Experts operations. The Consumer Financial Protection Bureau (CFPB) today filed a proposed final judgment in federal court that would resolve a lawsuit against Prime Marketing Holdings, LLC for illegal credit repair practices. The lawsuit alleged … Read more

Credit Repair Companies Hit With $2 Million Penalties by CFPB

The Consumer Financial Protection Bureau (CFPB) today filed two complaints and proposed final judgments in federal court against four California-based credit repair companies and three individuals for misleading consumers and charging illegal fees. The Bureau alleges that the companies not only charged illegal advance fees for credit repair services, but also misrepresented their ability to … Read more

CFPB Discloses Why People Complain About Debt Settlement and Credit Repair

The CFPB took a look at complaints it has received and shared why most consumers seem to complain about debt settlement and credit repair services. The Consumer Financial Protection Bureau said: “Excessive fees for debt settlement and credit repair services: Of all complaints marked as other financial service, 60 percent of them were about problems … Read more

Removing an Outdated Bankruptcy from a Credit Report: Jorge’s Story

Jul 16 2015 By Ashley Gordon Have you ever found an error on your credit report? These errors can negatively affect loan applications, how much you can borrow, hiring decisions and more. In Jorge’s case, he had lost an apartment because of a bankruptcy, which can stay on credit reports for up to ten years. … Read more