FTC Returns $10.9M to Victims of Credit Repair Scam
Birmingham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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FTC Returns Over $10 Million to Victims of Credit Repair Scam: Average Check $19
The Federal Trade Commission has distributed more than $10.9 million in refunds to over 443,000 customers who fell victim to a deceptive credit repair scheme. Operating under names like Financial Education Services and United Credit Education Services, the company targeted individuals with low credit scores, promising quick fixes that never materialized. Instead, they lured victims into a pyramid scheme, requiring them to recruit others and pay substantial fees for alleged services. The average refund check is approximately $19, with Alabama residents receiving around $240,000 in total, averaging $18 per check. If you were a victim, watch for your check in the mail and cash it promptly to close this chapter.
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