8:00 AM - 7:00 PM EST

Open Monday - Friday

(800) 979-3707

Call Us For Free Consultation

Facebook

Twitter

Search
Free Evaluation
logo
Free Evaluation
mobile logo
 

Uncategorized

15 June 2023
Sticky

FTC Shuts Down Credit Repair Pyramid Scheme Financial Education Services, Which Bilked More Than $213 Million from Consumers

15 June 2023
Posted by Blog User
in Uncategorized

FTC Shuts Down Credit Repair Pyramid Scheme Financial Education Services, Which Bilked More Than $213 Million from Consumers Wide-ranging Operation Promises Easy Credit Fixes, But Provides Worthless Services and Pitches Pyramid Scheme Where Few, If Any, Make Money May 31, 2022 The Federal Trade Commission has taken action against Financial Education Services and its owners, Parimal Naik, Michael Toloff, Christopher Toloff and Gerald Thompson, as well as a number of related companies, for scamming consumers out of more than $213 million. In response to a complaint filed by the FTC, a federal court has temporarily shut down the sprawling bogus credit repair scheme....

Continue reading
15 June 2023
Sticky

FTC says credit repair business doubled as a pyramid scheme

15 June 2023
Posted by Blog User
in Uncategorized

FTC says credit repair business doubled as a pyramid scheme By Seena Gressin May 31, 2022 For the second time this month, the FTC has sued a credit repair operation that it says combined fake promises to swiftly and substantially boost people’s credit scores with the offer of a bogus money-making opportunity selling credit repair services. In this latest case, the FTC says the supposed money-making opportunity was a pyramid scheme. The complaint alleges that Michigan-based Financial Education Services (FES), five related companies, and owners Parimal Naik, Michael Toloff, Christopher Toloff, and Gerald Thompson bilked consumers out of more than $213 million. At...

Continue reading
31 May 2023
Sticky

Discover the differences between FICO and VantageScore credit scoring models and which industries use them. Explore the pros and cons of each

31 May 2023
Posted by Blog User
in Uncategorized

Discover the differences between FICO and VantageScore credit scoring models and which industries use them.  Introduction In today's world, credit scores play a critical role in the financial decisions of both individuals and businesses. A credit score is a three-digit number that lenders use to assess an individual's creditworthiness and likelihood of defaulting on a loan. Credit scores range from 300 to 850, with higher scores indicating better creditworthiness. The importance of having a good credit score cannot be overstated, as it determines the type of loans you can obtain and the interest rates you will pay. There are two...

Continue reading
25 May 2023
Sticky

The Three Major Credit Bureaus In The United States

25 May 2023
Posted by Blog User
in Uncategorized

The Three Major Credit Bureaus In The United States Experian, Equifax, and TransUnion are three major credit bureaus in the United States. They gather and maintain credit information on individuals and businesses to create credit reports and scores. These credit reports are used by lenders, landlords, and other entities to assess creditworthiness and make informed decisions regarding credit approvals, loans, rentals, and more. Here's some information about each of these credit bureaus: Experian: Experian is one of the largest credit bureaus globally, operating in over 80 countries. It collects and maintains credit data on more than 1 billion individuals and...

Continue reading
24 May 2023
Sticky

Evictions and Credit Reports: Navigating the Intersection of Housing and Finance

24 May 2023
Posted by Blog User
in Uncategorized

Evictions and Credit Reports: Navigating the Intersection of Housing and Finance Introduction As a tenant, there may come a time when you are unable to pay your rent or violate the terms of your lease agreement. In such cases, the landlord has the right to evict you from the property. Eviction is a legal process that may involve going to court and can have serious consequences for tenants. Credit reports, on the other hand, are documents that contain information about an individual's credit history and financial activities. They are used by lenders, landlords, employers, and other entities to assess an...

Continue reading
24 May 2023
Sticky

How can I remove judgements from a credit report?

24 May 2023
Posted by Blog User
in Uncategorized

A Comprehensive Guide to Removing Judgments from Your Credit Report Judgments on Credit Reports When an individual owes money that they cannot repay, creditors may pursue legal action against them in the form of a judgement. A judgment legally confirms the debt owed and allows the creditor to collect what is owed through wage garnishment or bank levies. Unfortunately for debtors, judgments can remain on their credit report for up to seven years from the filing date or until the statute of limitations expires – whichever comes first. This means that even after paying off the debt in full or...

Continue reading
23 May 2023
Sticky

How a Lawyer Can Help You Dispute Errors on Your Credit Report

23 May 2023
Posted by Blog User
in Uncategorized

How a Lawyer Can Help You Dispute Errors on Your Credit ReportThe Importance of Credit Reports and the Role of a Lawyer in Disputing ErrorsWhen it comes to managing your finances, one of the most important tools you have at your disposal is your credit report. A credit report is a document that provides detailed information about your credit history, including your current and past debts, payment history, and other financial information. Lenders use this information to determine whether or not you are a good candidate for loans or credit.Given the importance of credit reports, it's crucial that they contain...

Continue reading
23 May 2023
Sticky

Credit Disputes: To Call or Not to Call, That is the Question!

23 May 2023
Posted by Blog User
in Uncategorized

Credit Disputes: To Call or Not to Call, That is the Question! Introduction Credit disputes can be a frustrating and time-consuming process for consumers. When there are errors or inaccuracies on a credit report, disputing them is crucial to ensure that your credit score remains intact and you don't face any negative consequences. There are two primary methods of filing credit disputes: calling the creditor directly or filing a dispute online. Both methods have their advantages and drawbacks, making it important to understand the pros and cons of each before deciding which option is best. Explanation of Credit Disputes A...

Continue reading
23 May 2023
Sticky

Can You Be Sued for Disputing Your Credit Report?

23 May 2023
Posted by Blog User
in Uncategorized

Can You Be Sued for Disputing Your Credit Report?Many people believe that they can be sued by creditors or credit bureaus for disputing their credit report. However, this is not entirely true; there are legal protections in place for individuals who dispute inaccurate information on their report under the FCRA.While it is possible that some creditors or bureaus may sue individuals for filing a dispute, it is not common. Generally, creditors and bureaus are more interested in ensuring the accuracy of the information reported on credit reports than in punishing individuals who dispute inaccuracies.In fact, the FCRA provides legal protections...

Continue reading
20 May 2023
Sticky

What Are The Possible Legal Infractions By a Credit Repair Company?

20 May 2023
Posted by Blog User
in Uncategorized

What Are The Possible Legal Infractions By a Credit Repair Company? Introduction Credit repair companies have become a popular service in today's society. These companies offer to improve their clients' credit scores by disputing negative information on their credit reports and negotiating with creditors. While some of these companies operate legally and provide valuable services to their clients, others engage in illegal practices that can harm consumers. Overview of Possible Legal Infractions by Credit Repair Companies While there are many reputable credit repair firms in operation today, there are also many illegal practices associated with this industry. Some common legal...

Continue reading