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Credit Lawsuits Second-Quarter 2010 Mortgage Litigation Index

Credit Lawsuits
Second-Quarter 2010 Mortgage Litigation Index
Litigation based on credit reporting and other credit issues.

Case Title
Case Number
Date Filed Link to StoryLink to Story
Advantage Credit Repair, LLC, Mark D. Solomon Federal Trade Commission U.S. District Court for the Northern District of Illinois $226,794 Credit “repair” firms charged up-front fees in exchange for services that were not performed. Federal Trade Commission v. Advantage Credit Repair LLC et al. 1:08-CV-05994 Oct. 20, 2008
Credit Restoration Brokers LLC, Debt Negotiation Associates LLC, Sam Tarad Sky, Kurt A. Streyffeler, P.A., Kurt A. Streyffeler Federal Trade Commission U.S. District Court for the Middle District of Florida $2,600,000 Credit “repair” firms charged consumers up front fees in return for “removal” of derogatory entries on the consumers’ credit report, cancellation period was not provided. Federal Trade Commission v. Credit Restoration Brokers, LLC et al. No. 2:10-cv-00030-CEH-SPC Jan. 20, 2010
Ronald Harris, Jr.; Sterling Bruce; Sabir Muhammad United States of America United States District Court for the District of New Jersey n/a The defendants allegedly promised borrowers facing foreclosure that they would prevent the foreclosures and repair damaged credit. Through foreclosure rescue firms Harris Capital and Skyline Capital Group, both owned by Harris, the defendants allegedly convinced borrowers to transfer title to straw buyers for six to twelve months at which time they would transfer title back. Instead, they extracted all the equity from the properties using fraudulent loan files. U.S. v. Harris 10-4090 (CCC) 6/21/10


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