How to Spot a Credit Repair Scam
Individuals who want to fix negative marks off their credit reports often fall prey to credit repair scams. Credit repair scams are illegal, but many companies skate by for years leaving behind dozens of victims. If your credit isn’t as good as you’d like it to be, companies may tell you that they can clean up your credit for a fee. Learn to recognize the signs of a credit repair scam. Now that the economy is starting to improve, many Americans are hoping to clean up their finances, pay down debt and improve a credit score. Not all businesses promising to help you repair bad credit are scams. Learn how to determine if a service is legitimate.