Scammers play name game and get caught

Imitation may be the sincerest form of flattery, but sometimes it’s illegal. Just ask the people behind First Time Credit Solutions, who promoted their business as “FTC Credit Solutions” until the real Federal Trade Commission shut them down. The group claimed their credit repair firm was licensed by the FTC, and allegedly took thousands of dollars from people after promising to delete negative, but accurate, information from their credit reports. In fact, the operation wasn’t licensed by the FTC — no credit repair service is — and didn’t get true, negative information removed from credit reports, because that’s against the law. The FTC is working to permanently ban the operators from offering credit repair.

FTC Credit advertised nationwide — online, in print and on radio and social media. According to the FTC, the company preyed mostly on lower-income Spanish-speaking people who wanted to modify heavy debts or improve low credit scores. It took illegal advance payments of about $2,000 per person. The FTC said the company mis-used the Commission name and an altered Commission seal, and boasted that its connection to the FTC allowed it to lawfully “delete” true information about late payments, defaults, even bankruptcies. In the end, all it did was draft dispute letters full of false information for people to send the credit reporting companies, the FTC said.

 

You can improve your credit, with time and effort. You don’t have to use a credit repair company; you can do it yourself or with a credit counselor. It doesn’t cost anything to dispute mistakes or outdated items on your credit report. Some accurate negative information will stay on your report for a time, and there’s nothing you can do to make it go away sooner. Most accurate negative information stays on your report for several years. Bankruptcy information usually stays for seven to 10 years.

Blog Topics: 
Money & Credit

Comments

Thank you very much for spreading the knowledge of awareness among the citizens. GOD BLESS

Someone pretending be chase,using the 800 number wanted,to know my debit number it is a conspirancy to drain my account so I can't go to the jersey seashore like don wood said he is in big trouble!

i need to know whats going on because i was a customer at ftc credit solution and they promise me to delete my bad accounts using the FTC !!!! hoy can i get an information about this because they lied to me and tokk my money

First, please report your experience at ftc.gov/complaint so it becomes part of the FTC database that investigators use. 

If you need to dispute credit card charges, you can find out how to do that in this FTC article. You can dispute items yourself, you don't have to pay someone to do it.

This shows you a Sample Letter you can use to Dispute Errors on Your Credit Report.

Hey I was a customer there also I just found out yesterday . Have u heard anything about us getting our money backn

Very Good Information

need to trace phone calls and work your way to who is receiving these funds.

What about Lexington law. Are they legitimate?

To check on a company, you can contact the state Attorney General and local consumer protection agencies in the state where the company is located. Ask if there are any complaints are on file. You also can search online for complaints. Type the company name and the word "complaints" into an online search engine.

They got me,my personal information in the name of the Gov.

I tell them that I forward email to the fbi, because it is a scam .I don't hear from them for a while till they think they are forgotten. Put everything on my tablet to save.

slam the scammers!

Wow. Trying to use the FTC's name is a new low.

If you'd only enforce your own DO NOT CALL Law, much of this baloney would end.I get phone calls daily. I've reported 100's of them to the FTC. Nothing changes.

800-492-3960
GLOBAL BUSINESS MACHINE TECHSUPPORT BENIFITS
CLAIM THAT YOU HAVE A VIRUS AND THEY ARE FROM MICROSOFT
SCAM....SCAM....

thanks for spreading the awarness !!!

Great job, shutting these scammers down! It's sad to see how these frivolous companies prey on US citizens.

thank you for sending me an alert warning me of scams, keep up the good work.

Thanks for this information, I have been targeted by these scam artists many times. I report every instance to the FCC.

i thought I was reporting a FCC problem,kind of confused why I was sent to FTC.

Scammers are spoofing caller ID and pretending to be my local police department. They threaten to arrest me if I don't pay a ridiculous amount via MoneyPak. They somehow have my name, address, place where I work and obliviously my phone number. I am thinking they may call 911 spoofing my number and really send the police to my home. They have threatened me and my family. What can I do to stop them?

You can report threats to your local police department.

Please report this to the FTC ftc.gov/complaint. Your complaints help the FTC and other law enforcement agencies bring scam artists to justice.

If you get calls from numbers you don't recognize, you don't have to respond. If you talk to scammers, or press a number to be "taken off the list" or call them back, you may get more calls, because they know you'll respond. If you respond, they might share your number or sell it to other scammers, and then you'll get more calls.

If you're getting repeated unwanted calls from the same number, you can contact your phone carrier to see if it has call-blocking service. Or, see if your phone has any call-blocking capability.

Leave a Comment

Comment Policy

Read Our Privacy Act Statement

It is your choice whether to submit a comment. If you do, you must create a user name, or we will not post your comment. The Federal Trade Commission Act authorizes this information collection for purposes of managing online comments. Comments and user names are part of the Federal Trade Commission’s (FTC) public records system, and user names also are part of the FTC’s computer user records system. We may routinely use these records as described in the FTC’s Privacy Act system notices. For more information on how the FTC handles information that we collect, please read our privacy policy.