If you were a credit repair client or agent with Financial Education Services (“FES”) or United Wealth Education (“UWE”), your journey with them has come to an abrupt end. The FTC shut them down on May 25, 2022. The businesses are in receivership meaning that the court appointed someone to take over these businesses and [...]
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 [...]
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 [...]
If you have ever filed for bankruptcy and Webbank is a creditor, your credit report may be illegally damaged by them.
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 [...]
Gloves come off – The CFPB and Lexington file cross Motion for partial Summary Judgment in CFPB v Lexington Law.
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” [...]
The CFPB is now coming after sellers of paid credit repair programs. Multilevel marketing company agents and owners, beware!
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 [...]
Stop throwing your money away on credit repair. Here is how you can get it from a law firm for free.
Paying for credit repair today is like paying internet service at a coffee shop. There is no need to pay for it any longer. Our law firm will draft up to 3 letters for you, for free. There are 3 credit bureaus and we will dispute anything on your credit report for which we have [...]
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 [...]
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. [...]
Telemarketing Sales Rule & Payment Restrictions On Sales Of Credit Repair Services Did you know that credit repair companies are governed by the Federal Trade Commission and the Consumer Financial Protection Bureau? Good. Did you also know that the FTC and CFPB have prohibited credit repair companies from charging fees for credit repair until at [...]
How Do I Know If a Credit Repair Law Firm Is Legit? Now that the Consumer Financial Protection Bureau (“CFPB”) is going after credit repair companies who do not comply with the Telemarketing Sales Rules (“TSRs”), we fully expect to see more Credit Repair Lawyers to come to the rescue of consumers with troubled credit. [...]
Our New Credit Repair Program Will Give You 3 Free Dispute Letters At No Charge “3 for Free” is the name of our new program. Just give us your credit reports and we will draft up to 3 dispute letters for you, for free. We are not a credit repair company, but rather, a credit [...]
Should You Enroll In a Michigan Credit Repair Program? We have a new program to fix credit reports at no risk to Michigan residents. There are a lot of credit repair companies operating in Michigan. Many are good, and others…well…not. We are a class above the good. We are a credit repair and litigation law [...]
How To Get Your Credit Repaired In MI Credit repair is like the wild west in Michigan. There is no state regulation of the credit repair companies in our fine state. There are many credit repair companies, some legit and many are fly by night. How can you best protect yourself when selecting a credit [...]
Georgia's Experienced Attorneys Give Advice On Debt Consolidation While credit card consolidation may seem like a good idea, the benefits don’t always outweigh the risk, especially if you require credit repair services. It is best to meet with a credit repair lawyer before credit card consolidation so that you are not stuck with high-interest costs [...]