Crossland Credit Consulting – FTC Files Lawsuit and Freezes Assets

by Moe Bedard · 2 comments

in Homeowner Scams

Crossland Credit Consulting Corp. out of Flordia and its co-defendants allegedly operated deceptive mortgage refinancing, credit repair, and loan modification schemes.

According to the FTC complaint, they falsely promised to use proceeds from mortgage refinances to promptly pay off consumers’ original loans, but often pocketed the money instead. They misrepresented that they would repair consumers’ credit records by removing truthful negative items from their credit reports so they could obtain mortgage loans, and charged advance fees for those services in violation of both the CROA and the TSR.

They also falsely claimed that they would modify consumers’ mortgages to obtain substantially lower interest rates and monthly payments. The court immediately barred the practices and froze the defendants’ assets pending a hearing.

The Commission vote to authorize staff to file the complaint was 4-0. The complaint was filed in the U.S. District Court for the Southern District of Florida. At the FTC’s request, the court ordered a halt to the unlawful operations, pending resolution of the case.

{ 2 comments… read them below or add one }

1 daniel Robinson December 2, 2009 at 5:22 pm

I gave this company a lot of money to clear my credit and pay my debtors off, and now i find out that no one was paid and my score has not changed. I have been at this since Feb 2009 and still don’t have anything resolved. How do I go about getting my money back . I have called and called to no avil , no one will return my calls., . What can I do . Please help. I need my money back . thank you.

2 daniel woods December 4, 2009 at 11:21 am

how i fine out about crossland credit lawsuit

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