Parroting, Credit Report Disputes, and Other Credit Report BS

An interesting lawsuit was filed by a consumer in Alabama against Select Portfolio Servicing, Jared Galleria of Jewelers, Prestige Financial Services, Experian, Equifax, and Trans Union. What is interesting about the suit is the description of the broken and defective credit report dispute process of inaccurate information. Many of us have experienced such issues firsthand. … Read more

Credit Repair Operator Offering Seasoned Lines of Credit and to Remove Negative Items Gets Jail

I just posted an article about Edwin Jacquet getting sentenced to 63 months in jail for his credit repair operation. This case is interesting in that it seems to include many of the same activities that others engage in to “repair” credit. Let’s take a closer look at the complaint filed against Edwin Jacquet and … Read more

Credit Repair Operator Gets 63 Months in Federal 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 … Read more