470 victims receive compensation after Vivint Smart Homes misused credit reports to secure unauthorized financing.
The Federal Trade Commission (FTC) is distributing nearly $500,000 in refunds to consumers harmed by the deceptive practices of Vivint Smart Homes, Inc. According to an FTC complaint filed in 2021, Vivint sales representatives misused credit reports to secure financing for unqualified customers, often by using the credit information of unrelated individuals with similar names or adding cosigners without consent.
Victims, including those referred to debt collectors for unpaid loans they were unaware of, reported incidents of identity theft to the FTC. The average refund payment is $1,056, with checks sent to 470 eligible consumers who filed valid claims.
This is the first round of refunds in the case, with more distributions planned later. The FTC emphasized that it does not require fees or account information for refunds.
As the Lord Leads, Pray with Us…
- For Chair Khan and commissioners as they disburse refunds to those impacted by the deceptive lending practices and identity theft.
- For Director Samuel Levine to seek God’s guidance as he heads the FTC’s Bureau of Consumer Protection.
Sources: Federal Trade Commission
