These days, consumers are more concerned than ever about their credit score and credit history. As such, it's not surprising that any consumer with a less-than-perfect credit history would jump at the opportunity to have negative information on their credit history removed - an that's just what a few companies advertised that they could do (for only a small fee of up to $2,000).
Unfortunately, it was too good to be true - not only is removing any information from a credit history not possible, it is also seriously illegal for a company to advertise that they could provide such a service. Seven companies who have advertised such a service have been charged by the FTC of violating federal law, and will seek restitution for the unlucky consumers swindled by this scam.
Source:
Feds Charge Seven Credit Repair Companies With Deceiving Customers
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