| tart --> | | | | Another bogus line some Credit Repair Services use |
| If you are thinking about hiring a credit repair service to | | | | to hook you is; "we can convince the creditor you don't |
| clean up your bad credit report, you better take notes | | | | really owe this debt." They come with a scheme to |
| on the following special report: | | | | have you challenge the debt and then attack the debt |
| Credit Repair Services are robbing unsuspecting | | | | holder with procedural requests that will allegedly make |
| consumers blind with their shifty scams, false hopes | | | | them drop the bad claim off of your credit report. |
| and broken promises. The director of the Federal | | | | Although there are legitimate ways to compel a debt |
| Trade Commission's Bureau of Consumer Protection | | | | holder to prove disputed debts, this is not an effective |
| warns citizens in need of credit repair to be advised of | | | | method and consumers rarely see any long term |
| numerous credit repair service scams and schemes. | | | | results from using this type of credit repair service |
| He states that while "There are legitimate, credit repair | | | | scheme. |
| options available, the FTC has never seen a legitimate | | | | The third scam to look out for is for a price, the credit |
| credit repair company." | | | | repair service promises to get you a whole new, clean |
| Don't be fooled by credit repair services that contact | | | | credit file. The credit service tells you to apply for a |
| you with hard-sell tactics, unbelievable promises and | | | | new taxpayer id or Employer Identification Number, |
| outlandish fees. There are several big-time scams | | | | also known as a EIN, to build a new credit report. This |
| underway in the United States fooling consumers into | | | | is a felony and could land you and the credit repair |
| paying big bucks to have their credit report cleared. | | | | service into serious trouble. |
| Be wary of credit repair services claiming that they | | | | The reason unsuspecting consumers get taken by this |
| are "in" with the credit bureaus, have some sort of | | | | scam is because the credit repair service does not |
| special arrangement or know a secret tactic to make | | | | fully explain what they are being asked to do. In most |
| credit reporting agencies delete bad credit reports | | | | cases they don't even realize that this is not a legal |
| from your file. | | | | solution to their credit repair problems. Be leery if any |
| There is no such thing as an 'in" with the credit | | | | credit repair service promises you a new credit file or |
| bureaus, they have rules and regulations that they | | | | fresh credit history. |
| follow to the letter, no matter what credit repair | | | | Be wary of too good to be true promises and fast |
| service you represent. The credit bureau may | | | | fixes, there are reputable counseling agencies that |
| temporarily remove the debt in question from your file | | | | offer credit repair programs, just make sure you do a |
| and place it on the disputed list, but when the bogus | | | | little reference checking before you sign on the dotted |
| credit repair service doesn't follow up with the proper | | | | line. |
| procedures, the debt will return onto your credit report. | | | | The best credit repair advice I can give you is don't |
| This temporary deletion from your file is the so-called | | | | waste your precious time and hard earned money on |
| 'clean credit report' the credit repair service is | | | | a questionable credit repair service. Do a little research |
| promising. | | | | and find out how easy it is to repair your own credit. |