FTC Targets Credit Repair Scams - i3 Solutions SOS, Gene Schwalen

[SherylDownAndOut]

Hi, All,

I'm posting this in hopes that someone may find it before they make the same mistake i made.



It looks like the forum prevents adding URLs, so just spend some time googling this FTC document that describe the 36 "Credit Repair" companies being targeted for fraudulent conduct.

It could save you 1800 dollars, too...

Here is an example company, and what the FTC has to say about it...

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 5. Noelle Talley, NC Public Information Officer 919-716-6484.

[Alex_Adviser]

HI there,

Thanks for pointing out the Scam. I hope many gets aware of this.
Beware of i3 Solutions