Credit Repair Lawyers of America Files an Interesting Lawsuit Against Navient

man sitting steps

I’m not sure why the following lawsuit popped up on my radar this morning. Still, it’s a good example of a consumer running into a credit reporting roadblock, trying to resolve it, but having to turn to the courts to attempt a fix. According to the complaint, the consumer, Diaz, has been struggling with Equifax … Read more

Credit Repair by Pay to Delete, is it a Good Idea to Repair My Credit?

Question: Dear Steve, I have not managed my money wisely. Working temporary jobs in the past did not help my situations. I am employed with a good salary but horrible credit reporting. I would like to payoff derogatory collection debt to improve my credit score. If a collection agency report is due to drop off … Read more

Consumers in Life and Money Trouble More Likely to be Scammed

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. … Read more

What is a SCN and Can I Really Legally Use it to Get New Credit? – Denise

“Dear Steve, Received an email from someone telling me that they can help me establish new credit using SCN. What is a SCN? They said it was legal and I am wondering why I have not heard of it before. Why can these people get one and I can not if they are legal? Why … Read more

Credit Repair Company Keeps on Pitching. FTC Does Not Find It Funny.

Responding to charges by the Federal Trade Commission, a U.S. district court has found a credit repair seller in contempt for violating a previous court order that required him to stop promoting worthless credit repair products and services to consumers. The contempt order finds Rick Lee Crosby, Jr. in civil contempt for violating a permanent … Read more

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

Credit Repair Boss Steals Nearly a Million Dollars from Best Buy

In 2006, Joseph A. Graziola, III was charged by the Federal Trade Commission for his fraudulent credit repair activities under his company Bad Credit B Gone. This case ended with a $322,047 judgment against Graziola. Bad Debt B Gone was nailed for making the same old stupid and fraudulent promises of removing accurate but negative … Read more

Attorney General Warns Consumers About Credit Repair and Debt Settlement Scams

Florida Attorney General Bill McCollum issued a consumer advisory warning Floridians about scams related to credit and debt issues. Companies offering credit repair solutions or debt settlement were among the top concerns reported to the Attorney General’s Office last year. The Attorney General noted that, given the current economic climate, disreputable companies will likely continue … Read more

Investigative Report: Dave Burke and Real Talk Network (Real Talk Network, Inc.). Is It a Scam?

This is an in-depth look at the Real Talk Network and Dave Burke coaching programs that are being sold to consumers over the radio and through in-person seminars in a number of states. If you spend a lot of time examining this group you will probably come to the same conclusion as I have, that, … Read more

I Can Afford to Payoff My Old Debt. Should I? – Emma

Emma “Dear Steve, I was financially reckless as a college student, incurring approximately $22,000 in various credit card debt that I ignored throughout graduate school & post-graduate training. Well, now I’m all done and I make a lovely, lucrative salary. I want to buy a house. My credit score is in the low 500s. I … Read more

Two Women Running Credit Repair Firm Lose to Arkansas Attorney General

Two women who ignored a lawsuit filed against them by the Arkansas attorney general’s office have not responded to a federal judge’s order that they pay nearly $700,000 in penalties for defrauding at least 139 Arkansans through a credit-repair scam. Meanwhile, the two women, Sherrye Mance and Tiffany Morris, are believed to have simply changed … Read more