Credit repair scams are basically the programs that make fake promises of removing negative marks from the credit reports of the people who are desperate to attain a good credit score. But you need to understand, there are no short cuts for fixing your credit report. In fact opting for such scams would only make your financial situation even worse. We are here with certain tips that would help you identify the credit repair scams.
- They would generally assure you to make your credit report error free in a short span of time. But, removing accurate information from credit report is not counted as legal. Avoid them.
- They would ask you to make the payment before providing the services. But as per the Credit Repair Organizations Act, no credit repair company have the right to take the payment before making ideal steps for repairing their client’s credit report.
- Credit repair Scams would tell you that creating a new identity is imperative. They would ask you to go ahead by applying for credit via any number except Social Security Number as this will allow you to have a clean and new credit file. But in real, walking on this path is completely illegal.
- They would restrict you from contacting any credit bureau directly. You must know that it is your right to receive credit report and dispute any error all by yourself. If any company tells otherwise, do not hire them.
However, the best way to come out of bad score is to use credit repair software that also includes credit bureau dispute letter template. It will repair your credit report and raise your score gradually.