Washington, DC – April 4, 2012 – Two California based auto debt consulting company has had charges filed against it for alleged promises to reduce payments and consulting borrowers to “hide their cars to avoid repossession.”
In an Federal Trade Commission (FTC) release, the Federal Trade Commission filed charges and requested that a U.S. district court put a stop to the allegedly deceptive tactics of two California-based auto loan modification operations. The FTC asserted that the two separate operations charged hundreds of dollars in up-front fees, based on bogus promises that they could reduce consumers’ monthly car loan payments and help avoid repossession of their vehicles.
FTC Files Charges against “Repo Avoidance” Company – Repossession
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