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 …
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 …
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, …
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 …
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 …
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 …
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 …
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 …
Question: Dear Steve, I lost my house to foreclosure in 2012. I have been working odd jobs and continuing my practice in advertising. I do not yet have a full time job. I’ve been building back my life and with a steady group of clients. I have not asked for my credit reports because of …
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 …