You see the advertisements in newspapers, on television and the Internet. You hear on the radio. You will receive flyers in the mail, and maybe even calls with credit repair services. They all make the same claims:
“Credit problems, no problem!”
“We can remove bankruptcies, judgments, liens and bad loans from your credit file forever!”
“We can be your bad credit erased -. 100% guaranteed”
“Create a new credit identity – legally.”
The Federal Trade Commission (FTC) says this save yourself a favor and some money, too. Do not believe these claims: they are very likely signs of a scam. Indeed, lawyers say consumer advocates, the nation they have never seen a legitimate credit repair company make these claims. The fact is there is no quick fix for creditworthiness. You can improve your credit report is right, but it takes time, a conscious effort, and adherence to a personal debt repayment plan.
Recognition of a Credit Repair Scam
Every day target companies consumers, bad credit history with the promise of their credit report so that they can make a car loan, a home mortgage, get insurance, or even a job if they they have a fee for the service. The truth is, these companies can not deliver an improved credit report for you with the tactics to promote it. It is illegal: No one can remove accurate negative information from your credit report. So after you pay them hundreds or thousands of dollars in fees, you are given the same credit report left and someone else has your money.