Federal judge reverses injunction against credit repair services direct seller, Financial Education Services Inc.
By: Stephanie Ramirez
There is a counter story. There is a narrative on the other side, so [the judge] balanced those sorts of things saying, wait a second, this isn’t all bad. There’s obviously good out there. And if there’s good, then it’s got to be worth at least an opportunity to salvage.
— Richard Epstein, Partner, Greenspoon Marder LLP
On May 23, the Federal Trade Commission (FTC) took swift action against a Michigan-based direct selling company that offers credit repair services, when it issued a motion to shut it down and freeze all assets. Just over a month after the closure, a judge has reversed this order allowing the company to continue operating under the observation of a monitor.
Financial Education Services Inc. (FES), also doing business as United Wealth Services among others, offers services including: credit restoration, wills, living trusts, smart credit, travel, LifeLock, Debt Zero, credit builder, financial literacy, youth financial literacy, and power of attorney, according to a company LinkedIn page.
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