Curbio To Pay $7.5 Million And Overhaul Business Practices After Deceptive Scheme Targeted D.C. Homeowners

“Attorney General Brian L. Schwalb today announced that home renovation company Curbio, Inc. will pay $7.

Curbio markets itself as a pre-sale home renovation company that claimed to fix run-down properties faster than the competition and to provide huge value to home-sellers. The company is based in the DC area but provides services nationwide. Curbio claimed that its customers’ average return on investment was more than 200%, and that homes renovated by Curbio sold 50% faster than homes sold as-is. Curbio typically touted that homeowners could defer payment on renovations until the house was sold.

$920,000 in balance reductions to 21 DC consumers who still have outstanding balances on their accounts. Within 30 days, these consumers will see balance reductions ranging from $9,800 to $180,000.Ending its use of misleading marketing claims about risks, fees, speed of projects, vetting of contractors, or expected returns on investments.Developing a published and binding consumer dispute-resolution process to make sure renovation work is done properly.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Curbio to Pay $7.5 Million and Reform Business Practices After Deceptive Scheme Targeting DC HomeownersAttorney General Brian L. Schwalb announced that Curbio, Inc. will pay $7.5 million to harmed consumers and the District of Columbia. The company will also overhaul its business practices after being accused of systematically deceiving DC homeowners with misleading marketing claims, overpriced and substandard work, and unconscionable contracts.
Source: PoPville - 🏆 435. / 53 Read more »