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FTC Cracks Down on Credit Repair Outfits

FTC Cracks Down on Credit Repair Outfits

Posted on October 27, 2008 by Chief Marketer Staff

The Federal Trade Commission cracked down last week on seven companies that allegedly offer to help consumers remove negative information from their credit reports.

The actions, part of an ongoing program known as Operation Clean Sweep, were accompanied by numerous state filings. The FTC is seeking consumer redress and a halt to the alleged practices.

The defendants promised that derogatory information could be removed even when accurate, according to the FTC. Most advertised on Web sites, or in direct response advertising in other media.

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