Results 1 to 6 of 6
  1. 01-19-2009, 03:09 PM #1
    RochelleFW
    RochelleFW is offline White Belt
    Join Date
    Jan 2009
    Location
    Fort Worth, TX
    Posts
    3

    Exclamation FTC Credit Repair Crackdown - i3 Solutions, Gene Schwalen, SOS

    ..just found this on another fourm and wanted to post it here to warn folks. FTC is bring lawsuits against all sorts of credit repair companies around the nation. Here is a link to a document listing about 36 different ones.


    http://www.ftc.gov/os/2008/10/081023sweeplist.pdf


    Friends from fort worth drove all the way to dallas for this. Their sorry now.


    Rochelle



    I3 SOLUTIONS INC, GENE SCHWALEN: Cease & Desist issued to i3 Solutions, Inc., Texas (Gene Schwalen, CEO), by NC Attorney General.

    Item 1. N Carolina Attorney General Roy Cooper issues Cease and desist letter to i3 Solutions (McKinney, Texas) on March 6, 2008.

    Item 2. Federal Trade Commission 'Operation Clean Sweep' crackdown on credit repair companies.

    Item 3. NC Attorney General demanded following companies stop charging consumers upfront fees for credit repair in violation of state law: I3 Solutions, Inc., McKinney; Texas, et al.

    Item 4. http://www.ftc.gov/os/2008/10/081023sweeplist.pdf

    Item 5. Noelle Talley, NC Public Information Officer 919-716-6484.
    Reply With Quote Reply With Quote
  2. 01-19-2009, 03:34 PM #2
    Magic69's Avatar
    Magic69
    Magic69 is offline Green Belt  
    Join Date
    Oct 2007
    Posts
    434
    Blog Entries
    6

    Default

    The big boys, Lexington Law, aren't listed on that document. I guess I am missing the point of your post... is it just to warn us?
    Reply With Quote Reply With Quote
  3. 01-19-2009, 05:28 PM #3
    RochelleFW
    RochelleFW is offline White Belt
    Join Date
    Jan 2009
    Location
    Fort Worth, TX
    Posts
    3

    Default i3 Solutions SOS Scam - Gene Schwalen

    Yes!!

    ...though all the problem companies aren't on the doc, there are lots of people out there who wish they could have searched the web and found out the truth befor throwing 1300 dollars away on some scam.

    But, if you have info on that company you named, then by all means post it!

    Is Lexington being targeted by the FTC? this is all new to me, so tell the world so people can find it with a Google search.

    RochelleFW
    Reply With Quote Reply With Quote
  4. 01-20-2009, 11:10 AM #4
    Magic69's Avatar
    Magic69
    Magic69 is offline Green Belt  
    Join Date
    Oct 2007
    Posts
    434
    Blog Entries
    6

    Default

    I don't know if they are being targeted or not... I just know they are the biggest credit repair company out there.
    Reply With Quote Reply With Quote
  5. 01-20-2009, 05:21 PM #5
    RochelleFW
    RochelleFW is offline White Belt
    Join Date
    Jan 2009
    Location
    Fort Worth, TX
    Posts
    3

    Question FTC Cease & Desist to i3Solutions, SOS, Gene Schwalen

    Thanks, Magic69,

    I wonder if...because Lexington Law is so much larger...then is it harder for them to skirt the law than smaller firms?

    As documented, the FTC sent a Cease & Desist to i3 Solutions, SOS, Gene Schwalen ....so, there must be a reason.

    RochelleFW
    Reply With Quote Reply With Quote
  6. 01-23-2009, 07:33 PM #6
    Magic69's Avatar
    Magic69
    Magic69 is offline Green Belt  
    Join Date
    Oct 2007
    Posts
    434
    Blog Entries
    6

    Default

    Not sure... but Lex does have quite a few attorney's on staff so perhaps they do things by the letter? Who knows.
    Reply With Quote Reply With Quote
« I have been offered a settlement. Should I take it or not | Get good credit cards for bad credit »

Similar Threads

  1. Possibilities of a credit repair business!!!
    By Chapman in forum Credit Questions and Answers
    Replies: 0
    Last Post: 09-18-2008, 02:38 PM
  2. Anyone ever try a credit repair expert?
    By HarmisonPaul in forum Credit Repair Forum
    Replies: 5
    Last Post: 08-18-2008, 04:18 AM
  3. Credit repair is unethical!
    By Magic69 in forum Credit Repair Forum
    Replies: 0
    Last Post: 12-04-2007, 02:04 PM
  4. What about credit repair?
    By inverito in forum Credit Questions and Answers
    Replies: 15
    Last Post: 11-21-2007, 09:30 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules