The Federal Trade Commission (FTC) took action against a firm that used a government website as part of its scheme connected with consumer credit reports.
This week, the FTC obtained an order halting a credit repair scheme that allegedly bilked consumers out of millions of dollars by falsely claiming they will remove negative information from credit reports, while also filing fake identity theft reports to explain negative items on customers’ credit reports.
At the request of the FTC and the Department of Justice, an FTC news release indicated a federal judge issued an injunction against Texas-based Turbo Solutions Inc., which does business as Alex Miller Credit Repair, and its owner Alex Miller.
According to a complaint filed by the Department of Justice on behalf of the FTC, the regulator alleged that Turbo Solutions and Miller operate a deceptive credit repair scheme that claims it can help repair consumers’ credit through a “two-step process,” but often fails to deliver on its promises.
The FTC said the company claims it can remove negative information from consumers’ histories through “advanced disputing” of negative items on a consumer’s credit report and by adding “credit building products” to boost credit scores, which can help consumers obtain loans and other credit at lower rates.
The complaint seeks both civil penalties and consumer redress, according to the news release.
Through the company’s website and Instagram account, Miller and his company claim, “We...
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