I would like to first began my report by offering thanks to Karlton of http://tradelinesoulitionsusacomplaints.com for putting forth his hard earned money everyday to help protect everday people such as myself and my family. I would also like to offer thanks to the individual from Charlottle, North Carolina for introducing me to this wonderful site, which gives people, such as myself, a voice in fighting against criminals such as (Ted Stearns, CEO of Tradeline Solutions)
I came across Tradeline Solutions' website in early November and after reading an article by Mr. Stearns in regards to boosting credit I decided to call in to learn more about the products. After doing research through multiple other companies online similar to Tradeline Solutions I felt that they looked the most "credible" (I was obviously wrong, looks can be deceiving).
My situation was one that my credit score was not neccessarily that bad (I had a 675 FICO) and through research I found that by increasing my score to 700-720 I could save a tremendous amount of money on my credit cards, car loans, and mortgage payments. Based upon my conversation with Mr. Stearns, he convinced me to purchase "4 authorized user accounts" for $2,198.00 and told me that my score would increase to "right around 800" or about "35 points per account" in less than 30 days.
So here's what really happened. Approximately 35 days later I checked my credit report only to find that no new tradelines had been added. Based upon this knowledge I contacted Tradeline Solutions to inquire as to why my Tradelines had not shown up. I was informed by Mr. Stearns that in some cases it can take up to 60 days for these lines to appear (obviously different from the 30 days I was told upon time of purchase.) So I patiently waited for the 60 day mark. I again pulled my credit at 64 days and again found no tradelines. At this point I felt as though I had been scammed.
I contacted tradeline solutions, once again. Only this time I could no longer reach Mr. Stearns, I was now told to deal with his "manager", Katie Herrera, who was also mentioned in the other complaint above as the VP. Ms. Herrera informed me that she would look into the issue and get back to me. A week had passed and no return phone call so I continued to call only to be put on hold and eventually hung up on or sent to Mr. Stearns voicemail. Approximately 3 weeks passed and I was finally able to get in touch with Mr. Stearns. I expressed my concern and anger with Mr. Stearns and requested a refund at which point I was told "read your contract, it says we have 120 days" (for these accounts to show up on my credit!)
After speaking with Mr. Stearns approximately 2 weeks later 2 tradelines appeared on my credit report, however, they were closed accounts, which in turn caused my score to drop from a 675 to a 647. I again attempted to contact Mr. Stearns to no avail.
Which leads me to my current point. I am no longer looking to receive compensation for my loses however my goal of increasing my credit has now changed to helping protect others from being scammed by Mr. Stearns and Tradeline Solutions. I have contacted the Better Business Bureau via phone and website, the california states attorney, and the Federal Bureau of Investigation fraud detection division in Washington DC. I have also contacted the two senators, Mr. Mel Martinez and Mr. Bill Nelson from my home state of Florida to notify them about Mr. Stearns and his fraudulent business practices. Through my investigation and research I have also found that the federal trade commission is currently investigating Tradeline Solutions, Mr. Stearns, and all businesses pertaining to Mr. Stearns involvement in fraudulent activities.
I would like to inform all individuals that may be working with or purchasing from Mr. Stearns and Tradeline Solutions that if you knowingly purchase products from this company and apply for a credit card, car loan, mortgage, or anything credit related you are committing "FRAUD." And if you think this will have no affect on you and these agencies could care less about you, you're wrong.in speaking with some of these agencies I have found that Mr. Stearns and Tradeline Solutions actively sell all thier customers information to the public for profit. Due to this the Federal Trade Commission is actively gathering information on all clients and companies participating with tradeline solutions.
Please heed this warning and beware. I am currently doing all I can to cooperate with the authorities mentioned above to remove myself from any possible legal action. I suggest you do the same.
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