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 [...]
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 [...]
Credit repair companies in Georgia come in two flavors; those who play by the rules and those who don’t. It’s hard to tell the difference these days, even in the age of Google since reviews can now be purchased from strangers who have had no experience with the company they are reviewing. So what kinds [...]
A good credit repair company can help you boost your credit score, especially when it's being held down by inaccurately reporting negative information. Most credit reports have inaccurately reported negative information on them. Under the law, it's your job to stay to review and keep your credit report clean. Unfortunately, there are a lot [...]
Like anything else, you can repair your own credit report, if you know how. As an attorney, I can tell you that after years of credit repair litigation that credit repair is not a good DIY project. While I am happy to share some of the principles that you die-hard DIYers should know, there is [...]
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. [...]
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 [...]
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. [...]