Aug 23, 2022

Are Credit Repair Companies in Georgia Legit?

August 23rd, 2022|Credit Repair|

With so many lawsuits being filed by the Federal Trade Commission and the Consumer Financial Protection Bureau against credit repair companies, those in Georgia may wonder, are credit repair companies legit?  The short answer is, yes, but very few of them are. The latest credit repair companies to get sued by the FTC and the [...]

Aug 16, 2022

Do Credit Repair Companies Work in Georgia?

August 16th, 2022|Credit Repair|

At Credit Repair Lawyers of America, we often get asked whether “credit repair companies work” in Georgia.  It’s a complicated question depending on who is doing the credit repair and what things you expect to be removed from your credit report.  Lets dig in. For Credit Repair to be effective in Georgia, the letter must [...]

Jul 12, 2022

Credit Repair For Dummies in Georgia

July 12th, 2022|Credit Repair, Credit Score|

If you are asking about how credit repair works, you are no dummy.  It’s an excellent question.  It’s a multi-step process that works like this: Here's the Multi-Step Credit Repair Process For Dummies 1. In Georgia, you should pull your credit reports and review them for inaccurate or unverifiable information. These are two separate concepts.  [...]

Jul 5, 2022

Credit Repair Services in Georgia– Top 4 tips on How to Choose a Legitimate company

July 5th, 2022|Credit Repair|

Shopping for credit repair services in Georgia can be tricky.  The industry is rife with thieves, charlatans, and con artists.  Yet, there are also some very legitimate players as well.  So how can you tell a legit credit repair company from a non-legit one?  Follow these rules, and you will be able to find a [...]

Apr 29, 2022

Why credit repair companies can’t fix your credit reports

April 29th, 2022|Credit Repair, Credit Score|

Credit repair is a service that is desperately needed.  The credit bureaus report inaccurate information on 80% of credit reports.  Half of those inaccuracies depress peoples’ credit scores.  If you have a common name like “John Smith”, there is a good chance that someone else’s information is on your credit report.  If the other John [...]

Feb 11, 2022

When Debt that you have settled still damages your credit illegally

February 11th, 2022|Credit Repair|

Many people, unfortunately, get in over their heads in debt.  When that happens, the creditor often agrees to settle the debt for less.  Lately, we have been seeing several lawsuits against creditors who continue to report debts that they have settled with consumers as still open and late.  This hurts a credit score greatly. When [...]

Jan 24, 2022

If you have ever filed for bankruptcy and Webbank is a creditor, your credit report may be illegally damaged by them.

January 24th, 2022|Bankruptcy, Credit Repair, Credit Score|

Last year and 2020 were not great years for Webbank for its customers who had filed for bankruptcy.  Numerous lawsuits had been filed against Webbank for improperly reporting a discharged debt or a settled debt as open and late. So Who or What is “Webbank”? Webbank is the bank that finances companies like Fingerhut, Dell [...]

Jan 20, 2022

Gloves come off – The CFPB and Lexington file cross Motion for partial Summary Judgment in CFPB v Lexington Law.

January 20th, 2022|Credit Repair|

Background The CFPB has accused Lexington Law of violating the Telemarketing Sales Rule.  Under the Telemarketing Sales Rule (“TSR”), a regulation created by the Federal Trade Commission (“FTC”) under the Telemarketing Sales Act, credit repair companies: must tell the consumer how long the credit repair company’s services will take; cannot charge “any fee or consideration” [...]

Jan 18, 2022

The CFPB is now coming after sellers of paid credit repair programs. Multilevel marketing company agents and owners, beware!

January 18th, 2022|Credit Repair|

Just last September in 2021, the CFPB filed a lawsuit against Credit Repair Cloud and Daniel Rosen (“CRC”), its owner, for violating the Telemarketing Sales Rule (“TSR”).  The TSR prohibits credit repair companies from charging fees in advance of providing and completing services for a consumer.  Completion of service is defined as six months after [...]

Oct 26, 2021

The CFPB Vs Credit Repair Cloud… Could You Be Next?

October 26th, 2021|Credit Repair|

CFPB's Lawsuits: Could You, a Customer Or Seller Of Credit Repair, Be Next? Since 2019, the CFPB has filed several lawsuits against credit repair companies that do not observe the Telemarketing Sales Rules (“TSRs”). In short, the TSRs prohibit a credit repair company from collecting fees from a consumer until 6 months after the credit repair [...]

Oct 19, 2021

Why You Should No Longer Pay Monthly For Credit Repair

October 19th, 2021|Credit Repair|

Are Monthly Fees Illegal In Credit Repair? In a word…it's illegal. OK, that’s really 2 words. Either way, it’s just not legal for a credit repair company to charge you on a monthly basis for credit repair. Mention the phrase “Telemarketing Sales Rules'' and your credit repair pro and one of two things will happen. [...]

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