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Operation "Clean Sweep"
FTC Cracks Down With Operation “Clean Sweep”
On October 23rd the FTC in conjunction with
24 state agencies announced a targeted sweep of claimed “credit repair”
companies on 33 operations across the United States.
While not only naming-names of fraudulent agencies the
FTC also provided a checklist of advice and things to watch for to prevent
consumers from being scammed by non-compliant organizations.
FULL ARTICLE
Lexington Law always strives to meet and exceed the
guidelines established by the FTC; the published warnings to consumers
from the FTC consist of:
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Beware of credit repair services that request fees in advance Lexington does not charge you in advance for any legal services. It charges you only after the initial setup, and the work from each month, have been performed.
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Beware of credit repair services that don't disclose your rights Before a client can agree to use Lexington’s affordable legal services they must first review 8 disclosures statements that identify and explain the right of the consumer to perform their own credit repair. Those clients who prefer having legal professionals managing their credit disputes and creditor interventions may lawfully choose to use Lexington Law.
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Beware of credit repair services that advocate "new" identities It is unlawful to create a "new" identity by applying for an Employer Identification Number (EIN) to replace one's Social Security Number. File segregation is a serious crime that can result in fines or imprisonment.
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Beware of credit repair firms that misrepresent their expertise Claims such as "25 years of experience" can be misleading. That number often represents the combined years of attorney experience, not the actual length of time that the firm has been practicing. By contrast, Lexington Law has been practicing credit report repair since 1991.
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Beware of companies that imply FTC endorsement The FTC does not endorse any business. If a credit repair organization implies FTC endorsement, you would do well to proceed with caution. Lexington does not claim FTC endorsement.
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Beware any credit repair company that advises you to dispute all of the information in your credit report Lexington Law will carefully review client’s credit reports to identify potentially harmful listings, at which point they will work in conjunction with the client to only pursue those listings that may be legally disputed.
Order your credit report includes link to dispute inaccuracies, check for discrepancies. If there are listings on your report that are inaccurate or misleading dispute them with the credit bureau. That is basic credit report repair. Generally the credit report is an accurate reflection of the payment history of the consumer. Identity theft, fraud, divorce or other issues can cause legitimate debt to land on an innocent parties credit report. If you are unfamiliar with credit reports it can be a hassle. Sometimes there are technical issues about negative listings on your credit profile that a professional can identify and resolve. If you feel that you want a professional credit report repair service with a proven track record check out A law firm that can repair your credit report for you! Start today, visit lexingtonlaw.com now!
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The common term for a low credit report score is bad credit. more
I left my checking account overdrawn for a few weeks. The bank and they told me my account was closed and they reported me to ChexSystems.
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