FTC Halts Credit Repair Scheme, Protecting Consumers from $200 Million Scam
The Federal Trade Commission (FTC) has successfully halted a fraudulent credit repair scheme operated by a network of 17 companies, including Credit Glory LLC and its affiliates. The scheme, which has been active since at least 2016, deceived consumers by making false promises about improving credit scores, impersonating debt collection companies, and charging illegal upfront fees. The operation targeted vulnerable consumers, including military servicemembers, and scammed them out of nearly $200 million. The FTC's complaint, filed in the U.S. District Court for the District of Arizona, alleges violations of multiple laws, including the FTC Act and the Credit Repair Organizations Act. 
