The Consumer Financial Protection Bureau (CFPB) recently sued Lexington Law and as well as a network of their interconnected businesses on charges related to their fraudulent credit repair services.  Credit repairs scams are very common  as scammers take advantage of people with debt problems and promise to fix their credit and clear their credit report of adverse information.  Generally these scammers require the payment of upfront fees. The CFPB complaints against Lexington Law and allege, that these companies used false and deceptive advertising and charged illegal fees to victims of their alleged scam


Don’t fall prey to scammers operating phony credit repair companies. and never pay an upfront fee to one of these companies.  Advance fees for credit repair companies that operate for profit are banned by the Credit Repair Organizations Act.  Negative information on your credit report remains on your credit report for seven years and bankruptcies for ten years.  Anyone who tells you otherwise is just trying to scam you.  Many of the scam credit repair companies use illegal tactics such as applying for a federal employer ID to use as your Social Security number for credit.  This is illegal. If you need real credit counseling you can go this section of the Department of Justice’s website where it lists agencies approved to assist consumers with debt problems.    You also may consider contacting companies that are affiliated with the National Foundation for Credit Counseling at this link

If you are not a subscriber to and would like to receive daily emails with the Scam of the day, all you need to do is to go to the bottom of the initial page of and click on the tab that states “Sign up for this blog.”