Credit repair companies generate complaints –

2 companies say they make no promises to consumers

By Mike Hughlett, Tribune reporter, February 19, 2010

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 area firms.

The city’s Department of Business Affairs and Consumer Protection charged four companies with falsely promising they could erase debt from consumers’ 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.

Mark Anthony and Credit Rx didn’t return calls, but representatives of Nationwide Credit and Allstates denied they made such promises. “There’s no guarantees, no promises,” said Todd Stern, Nationwide’s president. “I always tell customers, if (a credit repair company) makes a promise, run away.”

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