FTC v. ICR Services (settlement)

I am jumping right into this blog….. I came across some information regarding a lawsuit that I want to share with you. I am not saying that the company is bad or good – right now.  However, I’ll most probably develop my opinion after I’ve more time to read more on the case – therefore, stay tuned. This lawsuit was filed by the FTC, Federal Trade Commission, a consumer protection agency, against a Credit Repair Organization, named ICR Services, Inc.   ICR was also known by the names National Credit Education and Review (NCER) and National Credit Repair (NCR). If you paid any monies, I think back then it was $400, to this organization and/or knows of someone who paid any monies to this entity, you should immediately contact the FTC at 1-888-287-5251 to determine whether or not you are entitled to a refund.  You may also go to the FTC’s website and become more familiar with the case at www.ftc.gov/opa/2003/08/nationwide.shtm.  The basis of this lawsuit was that the FTC alleged that ICR falsely claimed that they could remove derogatory information from your credit report, even if that information was correct.  ICR has agreed to a monetary settlement of over $1 million.  You should contact the FTC at the previously-mentioned number to see if you are eligible.  Make sure you share this information and/or direct others to Period, Case-Closed for future comments on this issue.  It’s wonderful seeing our government actually work at getting at these bad boys and girls in corporate America.  The victory, although small, I am appreciative.  Stay tuned for more updates.  Be sure to share your comments and forward the information to your circle of friends and family.  You may never know whom you may help by adding your “two-cents” – Period, Case-Closed!

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