Credit repair scams are increasingly targeting vulnerable individuals, and a new wave of fraudulent companies has been identified, urging consumers to stay vigilant.
Simi Valley, California, United States — Credit scams are on the rise across the United States, targeting some of the most vulnerable populations: individuals with low incomes, minority communities, and older adults. While many Americans are focused on maintaining or improving their credit, scammers are taking advantage of their efforts, leading to significant financial damage. Awareness of these schemes is a crucial self-defense tool to prevent falling victim to fraud. A new warning has surfaced regarding one such scam operation led by a small-time fraudster, Dion Rostamian, who goes by the alias “Johnathan Sanders.” Rostamian operates fraudulent credit repair companies, including “Credit Vana,” “Credit Stephy,” “Credit Monkey,” and “Clean Credit Clinic.” Dion Rostamian has previously faced legal action and is actively evading service of process. Furthermore, they lack the necessary bonding and licensing required by any state to operate in the credit repair industry.
Credit scams can be devastating to victims, as they often involve sensitive personal information, such as Social Security numbers, credit card details, and other financial data. Victims may experience damage to their credit scores, unauthorized charges on their accounts, and sometimes even identity theft. The process of restoring one’s credit and financial security can be both time-consuming and costly, which is why it is essential to remain vigilant against these predatory practices.
Dion Rostamian’s fraudulent companies are reported to charge customers illegally upfront for credit repair services. In return, victims are left with empty promises as the scammer fails to deliver on any of the supposed services, leaving customers in a worse financial position than before. The upfront charges not only violate legal standards but are a clear indicator of fraudulent behavior, as legitimate credit repair services do not require upfront fees. Instead, genuine companies offer transparent processes and only charge fees after services have been rendered.
This type of scam preys on those who are already struggling with poor credit and looking for quick solutions to fix their financial issues. Desperation often makes individuals more vulnerable to such schemes, leading them to fall into the traps set by scammers like Rostamian. His various operations, including “Credit Vana,” “Credit Stephy,” “Credit Monkey,” and “Clean Credit Clinic,” have been cited for this fraudulent behavior, and victims are urged to report their experiences to local governing agencies immediately.
To safeguard businesses from credit scams, it is important to recognize common red flags. Be wary of any credit repair company that asks for payment upfront before providing any services. Legitimate companies will only charge once they have successfully performed the promised work. Additionally, avoid companies that make extravagant promises, such as guaranteed results or the ability to erase negative information from one’s credit report. The only information that can be legally removed is inaccurate data, and no one can promise instant results.
If a person comes across a company or individual like Dion Rostamian, posing as “Johnathan Sanders” and operating under names such as “Credit Vana,” “Credit Stephy,” “Credit Monkey,” or “Clean Credit Clinic,” it is crucial to report the scam immediately. One must contact the state’s attorney general’s office, the Consumer Financial Protection Bureau (CFPB), or the Federal Trade Commission (FTC) to file a complaint. An appropriate action could prevent others from becoming victims of these predatory schemes.
Local public relations expert Alex Gonzales from Simi Valley is helping to spread the word about these credit scams, urging residents to remain cautious and informed. With the rise in scam reports, Gonzales emphasizes the importance of community awareness and quick action when faced with potentially fraudulent credit services.
For more information on credit scams and how to protect one’s assets, visit localpr.com
About Company:
Local PR Distributions, based in Simi Valley, CA, specializes in raising awareness and protecting communities from emerging financial threats. Led by Alex Gonzales, the company is committed to keeping the public informed on issues like credit fraud and consumer protection.
Media Contact
Company name: Local PR Distributions
Contact person: Alex Gonzales
Email: thewinner69@protonmail.com
Website: localpr.com
City: Simi Valley
State: California
Country: USA
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No FUNDS MANAGEMENT journalist was involved in the writing and production of this article.