Comment on Operators Of Credit Repair Business Masquerading As The FTC Must Return $2.4M To Consumers

Operators Of Credit Repair Business Masquerading As The FTC Must Return $2.4M To Consumers

(Alan Bruce) Three months after regulators shut down a credit repair company catering mainly to Spanish-speaking consumers for falsely claiming to have a close relationship with the federal government – calling itself “FTC Credit Solutions” – and bilking thousands of dollars from individual consumers with empty promises of boosting their credit scores, the real Federal Trade Commission announced it has reached a settlement that will result in the return of $2.4 million to victims of the scam. The FTC announced today that it had settled an earlier complaint against FTC Credit Solutions and its operators – including Guillermo Leyes, Jimena Perez, Fermin Campos and Maria Bernal – banning the individuals from selling or advertising credit repair services to consumers and from deceiving consumers about any good or service they are selling. According to the original complaint [PDF], the operation deceived consumers in advertisements and phone calls by claiming to be affiliated with or licensed by the FTC, falsely promising that they could remove negative information from consumers’ credit reports, and guaranteeing consumers a credit score of 700 or above within six months or less. In some instances, Leyes, the marketing director for the company, promoted the services on the radio and in videos posted on the internet. The pitches, which were presented in Spanish, feature Leyes boasting about his experience in credit solutions. “Fourteen years working in banking tells you that I can help you.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Living News