I spoke with Newsweek yesterday about how the pandemic is affecting consumers with gym memberships. We primarily help consumers with credit report errors. Unscrupulous gyms that continue to charge consumers -- even though the gym has been ordered closed -- may need to answer for their reporting inaccurate information to the credit bureaus.
Here's one section from the article:
Attorney Adam Singer, whose firm advocates on behalf of consumers, said he believes "emphatically" that gyms should not be able to shut down and continue to charge consumers, though they may "probably try to do it anyway.
Read more . . .
Wednesday, March 18, 2020
"There already is a high level of anxiety over the potential spread of coronavirus," FTC chairman Joe Simons said in a statement. "What we don't need in this situation are companies preying on consumers by promoting products with fraudulent prevention and treatment claims. These warnings are just the first step. We're prepared to take enforcement actions against companies that continue to market this type of scam."
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Friday, March 13, 2020
Your credit score affects whether you can get a loan — and how much you’ll have to pay to borrow money. People with low credit scores often have to pay more.
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