Repair your credit report, but be careful. In reality, there are a large number of people caught by credit reporting scams. I was one of them, don’t be another. Check out the tips I provide here.

It wasn’t long ago that Eileen Harrington, deputy director of the FTC’s Office of Consumer Protection said that “No one can legally remove timely and accurate information from your credit report.” she and her department had thousands of complaints about companies scamming people with false and misleading claims.

It was so bad that the FTC began coordinating “Project Credit Despair” to try to stop these scammers. The worst thing is that these people already have bad credit and then they find themselves doing things and losing more money to these scammers.

Most scammers on the market who make false or misleading statements

They promise to remove accurate and timely information from consumer credit reports and typically charge hundreds of dollars up front for the service.

Here are some tips that I have gathered from good internet sources, I have included the tips on the FTC website, it worked for me, so please read it carefully and use it to your advantage.

1. Make sure to avoid any company that wants you to pay for credit repair services and do this before they provide you with any services. This is totally against the law and don’t be fooled by setup costs, they are also illegal.
2. Make sure to avoid any credit repair company that doesn’t clearly tell you about your legal rights and what you can do. There are so many things you can do yourself for free.
3. Be sure to avoid any credit repair company that tells you not to contact a credit reporting company directly. You should always contact them directly.
4. Never discuss all the information. Be sure to avoid any credit repair company that advises you to dispute all the information on your credit report.
5. Stay away from any company that suggests creating a “new” credit identity and a new credit report. Never ask for an employer identification number to use in place of your own social security number. This practice is totally against the law. It is not like this. If you follow illegal advice and commit fraud, you may also be subject to prosecution.
6. They will throw out these golden words to try and convince you to act, be on the lookout if they say they can remove any of these types of bad credit information:
7. Cancellations, collections, tax ties, bankruptcies, liens, student loans, child support, late payments, and judgments.

Remember one of the most important and notorious warning signs that you are scammers by avoiding the following: A business that requires prepayment for credit repair services and by making false or misleading statements.

Suggestion

Remember that there is nothing that any credit repair company can do for you for a fee that you cannot do yourself at little or no cost. “

And remember that

The first step is always to know what information is on your credit report.

I sincerely hope this information gets your mind going and puts you into action. I also hope it gives you some tips and some good advice on Fix Your Credit Report to think about when you get your credit report.