National Association of Credit Services Organizations Versus the World

You have to give a hat tip to attorney Robby Birnbaum who is seemingly involved with a number of debt/credit niche associations. In a recent presentation, Mr. Birnbaum was introduced as the current president of the National Association of Credit Services Organizations (NACSO). Mr. Birnbaum is a long-standing attorney representing and advising clients in this … Read more

Adding Tradelines and Authorized Users to Credit Report Can Land You in Court if You Sell Credit Repair

Here is an important lesson for any company or person that is selling any service that uses added authorized users or tradelines to a consumer credit report in order to improve the credit score. The information below comes directly from the case filed by the Federal Trade Commission and to make sure people don’t feel … Read more

Credit Repair Company Promising Good Credit Score Gets Nailed by FTC.

At the Federal Trade Commission’s request, a federal court has temporarily halted and frozen the assets of Grand Teton Professionals, an alleged credit repair scheme that charged illegal upfront fees and falsely claimed to repair consumers’ credit. The company and other defendants are charged with violating the FTC Act and several provisions of the Credit … Read more

Should I Go With Teton Debt Settlement? Can You Research This Company?

Question: Dear Steve, I have been researching Debt settlements companies as am buried in debt and desperately trying to get out of them. Well someone referred me to someone named Kelly who sent me an email regarding the company he works for “Teton Debt Settlement”. In the email he included a few documents regarding the … Read more

Operators of Bogus Credit Repair Scheme Settle FTC Charges

Scammers Will Be Banned From Credit Repair Services Industry, Subject to a $2.4 Million Judgment The operators of a bogus credit repair scheme that allegedly tricked Spanish-speaking consumers into paying thousands of dollars each to supposedly improve their credit will be banned from offering credit repair services and subject to a monetary judgment under settlements … Read more

FTC Halts Advanced Fee Credit Repair Scam Hargrave & Associates Financial Solutions

A U.S. district court granted a Federal Trade Commission request and has temporarily shut down a Florida-based operation that allegedly continued to pitch bogus credit-repair services nationwide, despite a 2010 court order requiring it to stop. The new court order, which will remain in place while the FTC seeks a contempt ruling against the defendants … Read more

TRW Credit Repair and Randy Wells. Idiots.

Thomas Randall Wells, TRW Ventures LLC, TRW Ventures Inc, TRW Credit Repair Experts Inc and TRW Credit Group LLP are apparently just plain stupid. The defendants in McDaniel v. Wells filed in Arkansas Federal Court by the Arkansas Attorney General, elected to do two unbelievable things. Sell credit repair services for an advanced fee. Not … Read more

Credit Issues? You Are Not Alone – Fax – SCAM WATCH

Be on the lookout for a fax that is being sent out below. A tipster (send in your tips here) sent in the fax below and it raises a number of red flags for me. The fax allegedly comes from the 561 area code (561-634-2067), the unsubscribe is in the 208 area code (208-337-6079) and … Read more

Global Client Solutions, Clear Your Debt, Orion Processing, Derin Scott, Shannon Scott and Pradeep Nair Hit With Lawsuit

On June 17, 2011 the following case was filed, Jalenna Bowie v. Clear Your Debt, Global Client Solutions, Orion Processing, Derin Scott, Shannon Scott, and Pradeep Nair. The case goes after the debt relief providers for violating the Credit Repair Organizations Act, violations of the Ohio debt adjusting statutes, violation of the Ohio Consumer Sales … Read more

Credit Alliance Group and Credit Alliance Services Alleged to Have Not Helped Credit Rating. Hit With Class Action.

A tipster (send in your tips here) pointed out a recent suit to me in North Carolina, Deborah Sumlin v. Credit Alliance Group and Credit Alliance Services Incorporated. The plaintiff alleges that Credit Alliance Group and Credit Alliance Services, out of Texas, were hired to provide assistance in improving, repairing or correcting credit records, credit … Read more

American Credit Experts and Legal Credit Repair Center Settles With FTC Over Credit Repair Infractions

A federal court has ordered a credit repair operation and its principals to stop making false claims and requiring advance payment for credit repair services. The agreed-upon court orders are a result of a settlement between the Federal Trade Commission and the “credit repair” defendants. The Commission sued the defendants in October 2008 as part … Read more