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Illinois Attorney General Lisa Madigan said Thursday she is suing a California company for charging consumers for identity protection services that they never requested.
The lawsuit, filed in Sangamon County Circuit Court, claims that ID Lifeguards Inc. of Glendale, Calif., charged $157,562 on the phone bills of 5,071 Illinois consumers between September 2009 and March 2010. Get the full story »
Figures provided by FICO Inc. show that 25.5 percent of American consumers — nearly 43.4 million people — now have a credit score of 599 or below, marking them as poor risks for lenders. It’s unlikely they will be able to get credit cards, auto loans or mortgages under the tighter lending standards banks now use.
By Mike Hughlett
| With complaints rising nationwide against credit repair companies, the
City of Chicago said Friday that it has filed consumer fraud and
deceptive practice charges against nine such firms locally.
The city’s Department of Business Affairs and Consumer Protection
charged four companies with falsely promising they could erase
consumers’ debt from their credit reports. Those companies are: Mark
Anthony & Associates of Skokie; Allstates Credit Repair in Chicago;
Credit Rx in Glenview; and Nationwide Credit Clearing in Chicago.
