FTC Credit Repair Crackdown

[RochelleFW]

All,

..just a quick post to warn forum members about 36 fraudulent credit repair companies. Basically, if you talk to these firms, then just run the other way.

Do NOT give them any money up front, 'cause they wont call you back!

FTC Crackdown on Fraudulent Credit Repair Industry....

http://www.ftc.gov/os/2008/10/081023sweeplist.pdf

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Here is an example my friends drove to Dallas to deal with....

I3 SOLUTIONS INC, GENE SCHWALEN: Cease & Desist issued to i3 Solutions, Inc., Texas (Gene Schwalen, CEO), by NC Attorney General.

Item 1. N Carolina Attorney General Roy Cooper issues Cease and desist letter to i3 Solutions (McKinney, Texas) on March 6, 2008.

Item 2. Federal Trade Commission 'Operation Clean Sweep' crackdown on credit repair companies.

Item 3. NC Attorney General demanded following companies stop charging consumers upfront fees for credit repair in violation of state law: I3 Solutions, Inc., McKinney; Texas, et al.

Item 4. http://www.ftc.gov/os/2008/10/081023sweeplist.pdf

Item 5. Noelle Talley, NC Public Information Officer 919-716-6484.