![]() According to the FTC, these statements were made by FES agents to get consumers to sign up for their $89 monthly credit repair plan.įES is also accused of selling a product called “Credit My Rent” which purported allows a consumer, for a fee, of course, to have his rent reported to the credit bureaus. ![]() These statements, if made, were completely untrue and misleading. Other FES agents allegedly misinformed consumers that FES could stop judgments and student loan collectors. According to some of the affidavits provided by the FTC, some FES agents misinformed consumers that FES could remove bankruptcies from credit reports. ![]() According to the FTC’s latest lawsuit against FES, the company’s agents lied to a lot of unsuspecting consumers and agents about the services that the company can provide. So what kinds of scams are credit repair companies that don’t follow the rules, running these days? Let’s look at some of the pending lawsuits brought by the Federal Trade Commission (“FTC”) and the Consumer Financial Protection Bureau (“CFPB”) these days: FTC v Financial Education Services et al.įinancial Education Services (“FES”) is a large multi-level marketing company that uses credit repair as its bait to reel in consumers and new agents to sell its products to consumers. ![]() It’s hard to tell the difference these days, even in the age of Google since reviews can now be purchased from strangers who have had no experience with the company they are reviewing. Credit repair companies in Georgia come in two flavors those who play by the rules and those who don’t. ![]()
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