Credit Guide

by Armando Duke

Card Consolidation Credit Debt The US Federal Trade Commission announced today that they had shut down one of Florida's worst operators in the credit repair field permanently.

FTC v. Clifton W. Cross, et al.: U.S. Dist. Ct. Western Dist. of Texas (Midland); No. 018 ¹⁷⁹ FTC News Release, June 21, 2001; ww.ftc. cross.htm ¹⁸⁰ News Release (No. 020), Debra W. Yang, U.S. Attorney for Central Dist. of California, www.usdoj. 020.html The FTC brought a civil case against Murkey in 1998 for misleading consumers in connection with credit repair. In November 1999, a federal court in Los Angeles found that Murkey systematically violated the credit repair law and banned him from the business. The 2004 indictment charged that immediately following the court's order, Murkey continued to offer credit repair services through businesses such as "Credit Restoration Corporation of America, Inc." In 2001, the L.A. court held Murkey in civil contempt, but he again returned to credit repair, the indictment charged.

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| The Rest of the Story... Of course, while it is legal to use a credit repair company, scams will always exist in all businesses. It pays to do your homework before you enroll with a credit repair company. Questions such as clients served, time in business, BBB standing, and checking their policies against the FTC guidelines and relevant governing law like the FCRA and CROA, should be answered easily and immediately by a quality, legitimate credit repair business.

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One case that illustrated the techniques and reach of credit repair was that of National Credit Repair. On August 11, 2003, the FTC announced that National Credit Repair, one of the country' repair operations, agreed to pay more than $1.15 million in consumer redress to settle charges that it violated the federal credit repair law. based defendants falsely claimed that they could remove derogatory information from consumers' credit reports, even if that information was accurate and not obsolete.

Apply Online For Credit Card May 25, 2005 (AXcess News) Washington - The US Federal Trade Commission announced today that they had shut down one of Florida's worst operators in the bogus credit repair field permanently.

Credit report repair is the process of challenging and verifying erroneous, inaccurate, and unverifiable information on your credit report. Is it legal to repair my credit You have the right under the Fair Credit Reporting Act (FCRA) to challenge any information on your credit report. According to the FTC, the law allows anyone to request an investigation of information in their file that might be inaccurate or incomplete. Again, it is your right to repair your credit by making disputes to the credit bureaus.

By Card Credit Debt Debt Guide An operator who charged consumers for services he did not deliver and misrepresented customers' credit worthiness to the credit reporting agencies has been banned for life from operating a credit repair business.In 1999, Florida Attorney Jack Schrold settled charges that he violated the FTC Act and CROA by making deceptive claims about improving consumers' credit reports and requiring advance payment for credit repair services. The court order settling these accusations prohibited Schrold from saying he could improve substantially consumers' credit reports by removing accurate, but negative, information that was verifiable and not obsolete, making false claims about the services he sold, charging consumers before credit repair services were finished, and violating CROA.CROA stands for the Credit Repair Organizations Act.In 2004, at the FTC's request, the Department of Justice initiated civil contempt proceedings against Schrold, alleging that he was violating the 1999 order. Schrold agreed to settle the contempt allegations, and as a result of that settlement the court has entered a modified order against him.

† Neither PrivacyMatters.com, 3 or Privacy Matters Identity nor any of their benefit providers are in the business of, or receive any fee for, credit repair services. PrivacyMatters.com, 3 and Privacy Matters Identity are not credit repair or credit services organizations or businesses or credit clinics, as defined by federal and state law, nor are any of their benefit providers.

Credit Repair The court order announced today requires Schrold to pay $100,000 in civil penalties and permanently bars him from the industry.

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