Put credit repair scams in one sentence.?
Put this into one sentence. Credit Repair Scams Credit repair scams offer to erase accurate negative information from your credit file so you can qualify for a credit card, auto loan, home mortgage, or a job. The scam: The scam artists who promote these services can't deliver. Only time, a deliberate effort, and a personal debt repayment plan will improve your credit. The companies that advertise credit repair services appeal to consumers with poor credit histories. Not only can't they provide you with a clean credit record, but they also may be encouraging you to violate federal law. If you follow their advice by lying on a loan or credit application, misrepresenting your Social Security number, or getting an Employer Identification Number from the Internal Revenue Service under false pretenses, you will be committing fraud.
Public Comments
- Good news!! They're not ALL bad, just 99%. There is one REAL company who actually does it very right. He has been in business 13 years AND NEVER HAD ONE COMPLAINT filed against him, which is unheard of in this scam business He just lives in the town next to me, but he helps people all over the country. All the people I know of who used him have had their records cleaned...legally...at a very reasonable price (if he doesn't clear items off your report, you don't pay, and he charges only $50 or so for each item taken off). If you want it done, this guy is the real deal. He's a friend of mine. He'll appreciate your credit problems and really help you. Here's his address: http://www.redeemyourcredit.com/
