Sep 21 2008
The Scam Behind
Believe it or not, the best way to repair credit score is to do it yourself. Don’t be fooled by advertisements and services guaranteeing to "repair credit score." Some credit repair companies prey on people desperate for a solution. And unfortunately some services that promise to "repair credit score" end up doing the exact opposite.
As long as there are people with bad credit there will be "businesses" orrering to "repair credit score." I but the term "businesses" in quotations since they can barely be considered such. These places promise to get the unsuspecting customer a car, personal of home loan. Whatever they want, they got it! The problem comes when the customer starts to demand what they were not only promised, but paid for. They will discover that these "businesses"are long gone with their money and sometimes with whatever credit they had left.
But there is a way to steer clear of these fradulent places. Know the warning signs.
If a company requires full payment before repair credit score services are rendered. Don’t do it. Not only is this bad business practices, but against the law. The Credit Repair Organization Act does not allow credit repair agencies to require payment until all services are completed. Now, a partial payment is not uncommon, but complete payment is a warning sign.
To find a full list of Credit Repair Company warning signs visit www.credithistoryrepair.net
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