Arkansas Attorney General Dustin McDaniel says he has sued a Texas-based company claiming to offer a quick fix for a damaged credit history, and illegally collecting fees in advance.

A news release from McDaniel's office on Tuesday said he had filed suit in federal court at Little Rock against TRW Ventures LLC, three affiliated companies and the owner of all four, Thomas Randall Wells.

The release said TRW represents that the company will remove all negative information from credit reports — even information that is accurate. The release said federal law bars such companies from charging or collecting any fee in advance, but TRW has charged advance fees up to $800.