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FTC Obtains Court Order Halting Credit Glory Operations
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PYMNTS.com
The Federal Trade Commission (FTC) has secured a federal court order that temporarily halts what the agency alleges is a bogus credit repair scheme run by Credit Glory, 16 related companies and their five principles, the FTC said in a Monday (Aug. 10) press release.
The defendants in the case are the five principles, including Alexander Brola, Liam Emery, Marko Petkovic, Joshua Curtis and David Naylor, and 17 companies: Credit Glory LLC (which is separately incorporated in three states), Credit Glory Inc., Credit Sage LLC, Joy Credit Software LLC, Clerk Credit Systems LLC, Clerk Credit Software LLC, Standard Scores LLC, Collection Payments LLC, Collections Dispute LLC, Collections Expert LLC, Collections Support LLC, Credit Cop LLC, Dispute Collection LLC, Glorious Credit LLC and Joyful Credit LLC, per the release.
Credit Glory did not immediately reply to PYMNTS’ request for comment.
The FTC alleges these actions violated the FTC Act, the Credit Repair Organizations Act, the Telemarketing Sales Rule, the Gramm-Leach-Bliley Act, the Restore Online Shoppers’ Confidence Act and the Electronic Fund Transfer Act, per the release.
“The FTC is committed to protecting consumers from credit repair schemes that require up-front fees and fail to deliver promised results.”