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Discussion in 'Credit Talk' started by Jim, May 8, 2001.
Has anyone used Schrold? What was your experience?
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they are being investigated by the feds. They are just like every other law firm...
I would stick with JUNUM.
Roni mentioned in the above post that Schrold is being investigated by the feds. I don't know anything about that - Roni, would you mind telling us what you have heard specifically? I am curious. Anyways, I have had a very positive experience with Schrold's office in the four months that I have been using them, and the progress so far has been much better than I experienced with Lexington.
Last summer it was in the news. The link was posted at another credit repair board. They were listed on the feds list of law firms to investigate. I almost signed with them, but changed my mind and cancelled my contract. If I find the link of the article, I will post the link.
Roni - thanks for following up on this. While this is not fact but rather my weak recollection from what I read some time ago, the feds did investigate Schrold and there was some sort of settlement reached. Again, I am happy with them so far, so unless there is a something I don't know about them that I should be concerned with, I am going to keep using them as long as I keep getting the stellar results they have been achieving for me thus far. I know there are other good repair firms out there, so I am not advocating one firm over another, but rather am giving you my personal experience so far. I have heard good and bad things about all of the firms - Lexington, Junum, etc, etc. I guess everyone has their own experience. Thanks again, Roni.
Although I use Lex Law, I went to Google.com to search for Jack Schrod's site and found this link:
I found this line in the Agreement posted at the site pretty interesting:
If client is in compliance with these terms, and no item is improved or removed after the first 3 challenges, client will have upon written request the right to cancel and receive a refund of the first 3 months fees.
About 5 years ago, the Law Offices of Jack Schrold was sued by the U.S. Department of Justice for violations of the Telemarketing Sales Rule (an FTC Rule, largely B.S., that was meant to curb credit repair prior to the passage of the federal law.) A couple of years ago, the Law Offices of Jack Schrold settled the suit and agreed not to take fees in advance (basically.)
I don't think this should reflect badly on them at all. Credit repair regulation is very poorly defined in the canons of law and it takes suits like this one to clarify what the laws mean. (For example, is it OK to take payments after work is completed on a MONTHLY basis? Only the courts can say. . .)