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Tag Archives: credit-repair

CFPB Discloses Why People Complain About Debt Settlement and Credit Repair

CFPB Consumer Complaints

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 consumers had when dealing with ... Read More »

    Is Lexington Law Firm Worth the Money?

    sabatoging_credit_score

    Question: Dear Steve, I was in the military young and on my own. I had a credit card that I maxed out quickly and a lot of personal loans taken out back then and a few payday loans now. I want to clean up my credit now to buy a house and start a business so I have been paying ... Read More »

      Removing an Outdated Bankruptcy from a Credit Report: Jorge’s Story

      Screen Shot 2015-07-16 at 1.12.21 PM

      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. Ten years had passed since ... Read More »

        South Florida Police Officers Caught in Credit Repair Scheme

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        video platformvideo managementvideo solutionsvideo player More information on this fraudulent police report scheme to eliminate accurate but bad credit reporting is available from 6 South Florida. Read More »

          Sham Law Firm Employee Headed to Jail for Credit Repair

          mans hands behind bars in jail or prison

          Eric Phillips of California is going to have 33 months in federal prison to think back about his glory days of allegedly helping to create Georggin Law, pay the attorney who risked his license some compensation, and fleece consumers for credit repair services. As complaints about the debt relief services began to pile up with the FBI, an investigation began ... Read More »

            Why Paying for Credit Repair is Stupid

            Mature woman confused

            by 
Paula Langguth Ryan, Mediator, Consumer Advocate and Communications Consultant. Every week, people contact me wanting advice on how to get their FICO or credit score up over the 700 mark. Here’s the first question I ask them: Which would you rather increase by 38% in six months– your FICO score or your net worth? The problem is, raising your ... Read More »

              My Credit Score is Stagnant After My Bankruptcy. – Lynn

              Searching-right

              “Dear Steve, I discharged my debt in 2010, opened a few charge cards to build my credit. Have been doing all the right things. On time payments, debt on cards never over 30%, paid my car off and my Fico score stays the same. 686 for a year now. Before bankruptcy my score was 750-790. What is going on? I ... Read More »

                I Have an Old Credit Card on My Credit Report. Will It Go Away? – Julie

                goodbye

                “Dear Steve, There is a credit card debt on my credit report that is more than 10 years old. I can’t get any questions answered or removed from my credit report. I’m in California. How long is the debt collectable? What is the statute of limitation on collecting the debt? What can I do to get it removed? Julie” Dear ... Read More »

                  Consumers in Life and Money Trouble More Likely to be Scammed

                  ftc

                  Consumers who were more willing to take risks and those who had recently experienced a negative life event (such as a divorce, death of a family member or close friend, serious injury or illness in their family, or the loss of a job) were much more likely to have been victims of fraud and scams. Consumers who indicated they had ... Read More »

                    Should I Ignore My Old Debt and Let it Fall Off My Credit Report? – Adriana

                    money

                    “Dear Steve, I have three old collections…1st one is 3yrs old, 2nd is 4yrs old and 3rd is 5yrs old…Should I try and pay them off??? I am trying to clean my credit but not sure if to the them if they are under 3yrs or 4yrs and the older ones wait to fall off? Which old collections should I ... Read More »

                      The Get Out of Debt Guy Free and Easy Credit Repair Guide

                      eraser and word bad credit

                      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. Repair your credit with this ... Read More »

                        How Do You Explain What Premier National Credit Repair Did to My Credit? – Debra

                        sassy girl

                        “Dear Steve, I used premier national credit repair and this company did exactly what they promised. My credit score was raised by 124 points and they did get off many negative reports from my credit score. I read through your entire article and you talk about ‘it only takes time’. the company premier national credit repair was able to get ... Read More »

                          A Credit Repair Company Said If We Settle Our Own Debt it Will be Taken Off Our Credit Report. – Anne

                          "Credit rating" handwritten with white chalk on a blackboard

                          “Dear Steve, My husband and I had a financial meltdown 3 years ago. had to short sale our house, I wasnt able to work for medical and child reasons. Had got in over our heads with a large mortgage then ended up with large credit card debt trying to save our home.had approx $80000 in credit card debt. We were ... Read More »

                            Credit Repair Operator Gets 63 Months in Federal Prison

                            mans hands behind bars in jail or prison

                            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 in March 2012 to one ... Read More »

                              I Want to Start a Credit Repair Company in Texas to Help Members of My Church. – Karon

                              “Dear Steve, I’m a CPA and have retired from the federal government with over 38 years in Finance. I am interested is starting up a credit clean-up / repair business to help people in my community and church. I have also been a mortgae loan officer since 2001 and have some experience in reviewing credit reports. Since I don’t have ... Read More »

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