Connect with us

Credit Repair Companies

FTC files “piggybacking” charges against credit repair operation

Published

on

On March 9, the FTC filed a complaint against a Colorado-based credit repair company and its owner for allegedly making false representations to consumers regarding their ability to improve credit scores and increase access to mortgages, personal loans, and other credit products in violation of the Credit Repair Organizations Act, the FTC Act, and the Telemarketing Sales Rule. In its complaint, the FTC alleged that the defendants charged consumers illegal, upfront fees ranging from $325 to $4,000 per tradeline with the deceptive promise that they could “piggyback” on a stranger’s good credit, thereby artificially inflating their own credit score in the process. As the FTC explained, “piggybacking” occurs when a consumer pays to be registered as an “additional authorized user” on a credit card held by an unrelated account holder with positive payment histories. The FTC alleged that the defendants’ practices did not, in fact, significantly improve consumers’ credit scores as promised, and that while the defendants claimed on their website that their piggybacking services were legal, the FTC “has never determined that credit piggybacking is legal” and the practice does not fall within the protections of the Equal Credit Opportunity Act. Under the terms of the proposed settlement, the defendants will be banned from selling access to another consumer’s credit as an authorized user and from collecting advance fees for credit repair services. The defendants will also be required to pay a $6.6 million monetary judgment, which be partially suspended due to the defendants’ inability to pay.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Credit Repair Companies

Bruno Nicoletti Partners with Matt Carpenter to Introduce Humming Bird Growth and Automation to The Financial Services Industry – Press Release

Published

on

December 5, 2020 Together with Matt Carpenter, Bruno Nicoletti is out to help finance management firms acquire more clients and expand their portfolios through Humming Bird Growth and Automation, an artificial intelligence-based system. The innovative platform provides a seamless path for financial advisors to grow their book of business by connecting them automatically to individuals or companies who need the exact services that they offer.

Ace financial planner, Bruno Nicoletti, and expert marketer, Matt Carpenter have struck other partnerships in the past and have stuck together due to the resulting success each time. Bruno is ranked among the top 5% of advisors globally and Matt is a well-respected marketer on and off the internet, helping clients scale their businesses to eight figures. This time, they have come together to help businesses in the finance industry.

Every financial advisor worth his salt will acknowledge the biggest challenge to sustaining a practice is client acquisition. It is the hardest part of the industry, similar to any other business, if not more challenging. For an advisor trying to gain a foothold in the industry, it could take years to develop recognition and acknowledgment from a client base who value the work they do. Bruno Nicoletti has always been a tech-savvy financial planner, forever experimenting with automation and implementing technology into his prospects. He has always been successful in leveraging LinkedIn’s sales navigator to acquire his ideal clients, but in doing so, he hit upon the bright idea of creating a more powerful tool to close big cases.

Bruno Nicoletti’s eureka moment then created Hummingbird growth and automation integrated with his experience in the financial industry as a financial advisor. He built a software company that uses AI technology to engage with ideal prospects and set t meetings with high net worth prospects on auto-pilot. His project’s resounding success in improving his practice a hundredfold made him realize how this powerful automation could be a fantastic tool for the financial industry.

Nicoletti then turned to sales guru and longtime friend Matt Carpenter with an infamous reputation for scaling companies. Matt Carpenter is a nationwide phenomenon for his sales training and services that have scaled businesses beyond expectations. While just in college, he managed a liquor store propelling sales through the roof, taking it from 600k annual rev to 2.5 million in 15 months. His career in the credit repair industry is well marked, achieving the impossible, such as when he took a credit repair company from 300k in rev to 3.3 million in 36 months.

The dynamic duo has now partnered together to introduce their latest venture, the Hummingbird automation, and growth that will be a valuable asset to financial advisors, both startups and established practices alike.

Bruno and Matt respectively:

 

Media Contact
Company Name: Spotlight Kredibility
Contact Person: Bruno Nicoletti and Matthew Carpenter
Email: Send Email
Country: United States
Website: https://www.instagram.com/brvno/



Source link

Continue Reading

Credit Repair Companies

Top 9 Upcoming Credit Repair Companies

Published

on

Financial Integrity Solutions

Financial Integrity Solutions specialize in helping our customers with disputing items on their  personal credit and we assist with attaining business credit. We take pleasure being able to assist each and every customer as they are our only customer providing them with excellent service.

M2J Consulting

Has been around since 2002 and have helped hundreds of clients improve their credit scores by addressing issues with the credit reporting agencies as well as creditors.  Not only have I worked to have mistakes cleared from erroneous credit reporting, but I have also included credit education as a tool to increase credit worthiness.

In order to determine what plan of action needs to take place, I always want to look at each of the credit reports with scores.  I do this free of charge to ensure that our program is a good fit for before moving forward.  Every client has a unique situation and calls for a custom solution.

To ensure that customer service is above and beyond, I have an online portal link that be found on our website so that you can follow along as the process continues to completion. The amount of time depends on your credit needs. I’ll be working with you one-on-one to make the most of my program for you. There is no shortcut to good credit and no template to process dispute letters.  This is created just for you each month and changes regularly as needed.

Mike Ayres

Senior Credit Consultant

M2J Consulting, LLC
Voice/Text 469-693-2682

mike@m2jconsulting.com

www.m2jconsulting.com

Virtuous Credit Repair

 Virtuous Credit Repair

337-501-1677

We offer Rapid Credit Repair service because it helps our clients get another chance to become financially Free contact us for your financial freedom. One of Louisiana Top companies, we specialize in removing negative items from the credit report, Credit counseling, debt management, and more. During the pandemic, we have helped hundreds of our clients increase their credit scores.

Upward Bound Financial Solutions

CEO and Founder of Upward Bound Financial Solutions, Jessie Bickerton, is a credit consulting expert whose mission is to educate and help others achieve financial freedom. Jessie Bickerton discovered her passion after correlating a huge lack of education and resources on the topic of credit. “We are not taught about the importance and functions of credit in school. And many people are not taught at home, often due to lack of know-how from their own parents’. People are then taught to fear credit. My mission is to change this, to teach people how credit can become a tool, and continue to pass down the knowledge to each generation.” Jessie Bickerton has seen the devastation poor credit welcomes into one’s life, whether it be from being denied a home loan, car loan, being denied a rental application, or even denied a job. Through Upward Bound Financial Solutions, Jessie Bickerton helps remove items from credit reports including student loans, bankruptcies, tax liens, lawsuits, late payments, and more. Jessie Bickerton also provides tools and resources to build and maintain a client’s gateway to financial freedom. In addition to credit consulting, Upward Bound Financial Solutions also features tax preparation. They are also in the process of becoming Student Loan Specialists to assist with consolidation, default rehabilitation, payment reductions, and student loan forgiveness.

www.upwardboundfinancialsolutions.com

Facebook: www.facebook.com/upwardboundfinancialsolutions

Dominion Credit Solutions

Name: Rodney R. Roberts

Rodney R. Roberts and Dominion Credit Solutions are changing lives as they teach people how to take their buying power back through financial literacy. Understand positive credit is just away to acquire wealth and build assets. All credit can be repaired, rebuilt and restored it just takes time! Visit us at www.dominioncreditsolutions.com

Good Life Credit Pros

Good Life Credit Pros founded by Evelyn Tolliver based out of California has helped thousands raise their scores to become homeowners, business owners, and new car owners. Ultimately saving thousands of dollars for their clients in interest. Specializing in credit restoration, debt elimination, tax services, personal and business credit building, and financial education. The team at Good Life Credit Pros is helping people improve their credit scores through a legally proven strategy to remove negative items. Offering monthly plans, one-time payments to cater to everyone’s budget. They are committed to helping the everyday people strive for financial freedom and credit worthiness.

Good life credit pros

Founder Evelyn Renee Tolliver

800-296-5986

www.goodlifecreditpros.com

support@goodlifecreditpros.com

TK MELANIN ENTERPRISE

Taylor Kelly Owner of TK MELANIN ENTERPRISE one of the top credit restoration agencies located in Florida. We are a company that’s not only about credit restoration. But also about building generational wealth & a better mindset. We want each one of our clients to have the knowledge & financial freedom to make generational wealth a tradition. We thrive every day to change the current and next generation’s future. We also have an amazing program for our low-income  mothers that need our highly top rated services most. Their children are our future. Let’s set them up for success.

Major Wealth Financials

Major Wealth Financials is one of the most highly recommended credit repair companies in the heart of Antioch, CA. We work with the credit bureaus and creditors to fix and rebuild tarnished credit. Jenea and her team is highly dedicated to ensuring you attain the highest credit score possible and will work on your individual case to remove inaccurate information on your credit reports. We set high expectations for ourselves as a Credit Repair Company and take pride in knowing that so many people believe in us and that we are one of the BEST in the business. You can expect only the best service from our team of credit experts. We are here to assist you on the journey.

NR Credit Repair

Nakim Ra’Oof began working on his own credit goals. He began to develop his financial literacy by reading books, attending webinars, and working on his family’s credit reports.

He acquired a passion for credit building in 2015 and helping families recover and regain financial independence. He began his business NR Credit Repair in 2016 so that he could help more people achieve their financial goals in his neighborhood. His business focuses on ensuring that each customer is informed about keeping a good credit record and building wealth. With his customers, he displayed loyalty and consistency that encouraged his customers to continue bringing business from family, friends and associates.

He continued to educate himself by successfully completing educational courses that were beneficial not only to him, but also to his clients. He is well known for always delivering exceptional customer loyalty, honesty, and ethics.

He has had a huge positive effect on the lives of his client, having supported clients in restoring their credit profile, he goes the extra mile by offering the value of credit and growing credit scores to his client

(The above story first appeared on LatestLY on Dec 05, 2020 02:43 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

} });

Source link

Continue Reading

Credit Repair Companies

Exchanging One Business World For Another, Timo Wilson Shows That You Can Find Success No Matter What You Do If You Have The Right Mindset –

Published

on



Source link

Continue Reading

Trending