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Credit Repair

(just pay your bills)

A lot of the credit repair firms are scams. Here is a quote directly from the FTC web site:

You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail. You may even get calls from telemarketers offering credit repair services. They all make the same claims:
  • "Credit problems? No problem!"
  • "We can erase your bad credit-100% guaranteed."
  • "Create a new credit identity-legally."
  • "We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!"

Do yourself a favor and save some money, too. Don't believe these statements. Only time, a conscious effort, and a personal debt repayment plan will improve your credit report.

Here are more details of the scam    Here for the new "File Segregation Scam"

 

 

 

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A lot of the information on this site was taken from the FTC. Some of it copied directly. If you want, call them at 1-877-FTC-HELP