Credit Repair Companies Accused Of Cheating Customers

CFPB Accuses Credit Repair Companies Lexington Law and CreditRepair.com Of Violating Federal Consumer Laws

The CFPB has targeted two of the largest credit repair companies in the nation. 
CreditRepair.com and Lexington Law are accused of illegally charging customers for credit repair services. The CFPB also alleges they used deceptive advertising to trick and cheat consumers.
The CFPB filed a lawsuit against the two companies alleging they violated the Telemarketing Sales Rule. The watchdog agency alleges the companies requested and received payment of prohibited upfront fees for credit repair services.
The lawsuit also alleges the companies made false claims in its ads or by assisting others in doing so. This would be a violation of the Consumer Financial Protection Act.
The lawsuit also names sever other companies related to or associated with CreditRepair.com and Lexington Law.
The CFPB lawsuit also names PGX Holdings and subsidiaries Progrexion Marketing, Progrexion Teleservices and eFolks. The lawsuit also names John C. Heath, Attorney at Law who does business as Lexington Law.

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