Complaint / Review
Merchant Credit Guide
Ripoff False Credit Reporting and Violation of the FDCRA Chicago

I have been monitoring my credit report closely ever since I found some inaccurate items last year. This week Merchant Credit Guide shows up on my report with a debt of over $4000, original balance almost $8000! They say the account was opened on 12/10, yet I have only applied for credit once in the last 12 years (which is still open and in perfect shape, by the way). They say the original creditor was CFB Financial III LLC, which I have never heard of and definitely never applied for credit with.

Luckily, I am familiar with the FDCRA and collection practices. Upon doing research, I see that I am definitely not alone. I have reported them to the Chicago BBB, the FTC, disputed the marks on my credit with the appropriate agencies, and sent a request to them for validation (not verification) of the debt. I have a feeling I will not be receiving a response from them.

We need to stand up to these thieves!