Legal Credit Repair

There are many companies out there that claim to be legal credit repair companies but one should be very cautious. You could encounter a wolf in sheep’s clothing. So what is the distinction or how can you tell the difference? A lot of credit repair companies use dishonest and unscrupulous tactics that do not hold up under scrutiny. The Credit Repair Organizations Act (CROA) dictates what credit repair companies are allowed to do and they are breaking the law if they do not adhere to that. Many of these companies say they offer legal credit repair but are just using that terminology to get people to pay them their fees, and what they supply may not help your credit at all.

Legal credit repair companies will never ask or suggest to you that you should create a second identity to begin a fresh. Also they will not lie to you about services they provide nor will they ever ask you to waive your CROA rights.

Yes some companies will do this in the most subtle ways. Rest assured that any company that does these things is not a legitimate company. Steer clear.

You can and need to report any such company to The Federal Trade Commision. This is a government agency that governs credit repair companies and loves to go after illegal ones.

The bottom line is to keep in mind that there is nothing a legitimate credit repair company can do that you can’t do yourself. So why not save the money and do all you can do to fix your credit.