Category: CorrectCreditScore.com

10 Best Credit Repair Companies and Services Compared: Find the Best Credit Repair Specialist for Your Situation

Richmond, Virginia – ( NewMediaWire[1] ) – December 05, 2020 – Having poor credit can have adverse effects on a person’s financial life. Anyone with a low credit score must find a way to remedy the situation as soon as possible, especially if they want to purchase a car or qualify for a mortgage. Credit repair companies exist solely for...

READ MORE 10 Best Credit Repair Companies and Services Compared: Find the Best Credit Repair Specialist for Your Situation

Annual Survey Reveals That Low-income Consumers Are Most Likely to Seek Credit yet Know the Least About Credit Scores

WASHINGTON–(BUSINESS WIRE[1])–The tenth annual credit score survey, released today by the Consumer Federation of America (CFA) and VantageScore Solutions, LLC, shows that low-income households are most likely to apply for credit in the next 12 months. Yet, the survey also reveals that these households generally know much less about credit scores than households with higher incomes. The phone survey of...

READ MORE Annual Survey Reveals That Low-income Consumers Are Most Likely to Seek Credit yet Know the Least About Credit Scores

Defendants in FTC Credit Repair Scheme Case Agree to Settle Charges

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 in June 2019[1] alleging that the defendants targeted consumers with false promises of substantially improving consumers’ credit scores by claiming...

READ MORE Defendants in FTC Credit Repair Scheme Case Agree to Settle Charges

FTC Stops Operators of Fake Credit Repair Scheme

At the Federal Trade Commission’s request, a federal court has temporarily halted and frozen the assets of Grand Teton Professionals, an alleged credit repair scheme that charged illegal upfront fees and falsely claimed to repair consumers’ credit. The company and other defendants are charged with violating the FTC Act and several provisions of the Credit Repair Organizations Act, the Telemarketing...

READ MORE FTC Stops Operators of Fake Credit Repair Scheme