Industry News

FTC sues ‘credit repair’ companies

Alleges they charged consumers before performing service
Published on Jan 28, 2005

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by CareyBot

Two companies targeting Spanish-speaking consumers with claims that they could improve consumers' credit ratings have allegedly violated federal laws, according to the Federal Trade Commission. The FTC has asked a federal district court to halt both companies' illegal business practices and award consumer redress.

The FTC alleges that Florida-based Sunshine Credit Repair Inc. and Service Brokers Associates Inc.