The Federal Trade Commission is sending refunds totaling nearly $150,000 to individuals who lost money to a company called Grand Teton Professionals, which operated a bogus credit-repair scheme.
According to the FTC, Grand Teton Professionals targeted consumers with false promises of substantially improving their credit scores by claiming to remove all negative items and “hard” credit inquiries (which can often change a consumer’s credit score) from their credit reports. Additionally, the defendants illegally charged upfront fees for their services and advised customers to mislead credit bureaus and lenders, as well as threatening consumers with lawsuits when they complained or disputed charges.
The FTC will send 2,782 refunds through PayPal averaging about $53 each. People who get a refund via PayPal will have 30 days to accept the payment.
The FTC never requires consumers to pay money to get a refund payment. For more details about the PayPal payment process, please read the related FAQ. Consumers who do not get a refund and think they should have or consumers who have any questions about the refunds should contact the refund administrator, Analytics, at 844-965-2441.
The Federal Trade Commission works to promote competition and to protect and educate consumers. You can learn more about consumer topics and report scams, fraud, and bad business practices online at ReportFraud.ftc.gov. Like the FTC on Facebook, follow us on Twitter, get consumer alerts, read our blogs, and subscribe to press releases for the latest FTC news and resources.