ICR Services Review and Profile
Overview, company details, product information, news, events, rankings and Rep listings for ICR Services.
ICR Services Overview
ICR Services no longer appears to be active as a direct sales company.
ICR Services, Inc. was a Livonia, Michigan-based credit-repair company that marketed credit-repair services through a multilevel sales organization. The business was associated with Bernadino J. Pavone, Jr., Gloria Tactac, and Abood Samaan, and its credit-repair services were also marketed through National Credit Education and Review under the National Credit Repair name.
The company’s product was a credit-repair service rather than a conventional consumer-goods product line. ICR and related defendants promoted the service as a way to remove negative items from consumers’ credit reports, including bankruptcies, foreclosures, and late payments. The business also promoted claims involving a proprietary computer disk or software system that supposedly identified errors in credit-reporting systems and helped remove negative credit information.
ICR Services used a multilevel marketing sales model. The FTC stated that the defendants sold the credit-repair service through a nationwide network of approximately 50,000 sales representatives and had sold services to more than 183,000 consumers since 1996, generating more than $53 million in sales. The opportunity was built around representatives selling credit-repair services to consumers and participating in a large national sales network.
Original Npros business profile for ICR Services, preserved below for archival purposes:
Federal Financial Network (ICR) markets Autocare, Financial Services, Health, Fitness, Wellness and Internet products.
ICR Services' regulatory history is significant. In 2003, the FTC filed a federal action against ICR Services, Inc., National Credit Education and Review, and individual defendants, alleging deceptive credit-repair claims, violations of the FTC Act, and violations of the Credit Repair Organizations Act. The FTC alleged that the defendants falsely claimed they could remove accurate, verifiable, and non-obsolete negative information from consumers' credit reports and promoted a proprietary disk or software system that the FTC said did not exist in the way represented. The case settled with more than $1.15 million in consumer redress and a permanent injunction barring deceptive claims and further violations. In 2013, Bernadino J. Pavone, Jr. and Abood Samaan were sentenced in a related criminal matter, with Pavone receiving 48 months in prison, Samaan receiving 12 months and one day, and the court ordering $554,000 paid to the FTC.
ICR Services Owners, Executives and Executive Consultants
Bernadino Pavone, CEO
Gloria Tactac, Chairman
ICR Services News
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