Consumers Wary Of Credit Repair
Type the words “[tag]credit repair[/tag]“, “[tag]bad credit[/tag]” or “[tag]bad credit repair[/tag]” into an Internet search engine. The results will be similar to that seen by thousands of consumers every day. While we recommend that you fully research all the methods available to you when trying to [tag]repair poor credit[/tag], some of the Web sites that come up in a search for “credit repair” will do you more harm than good.
A typical credit repair scam might work in one of a couple of fashions. There is almost always the promise that your credit history will be made to disappear. In return you’ll be asked for a large payment upfront, sometimes as much as $1,000 to $1,500.
For one typical scam, the credit repair organization will tell you that you’ll get a brand-new Social Security number. Since the Social Security number is new, it won’t be marred with non-pay, or slow-pay blemishes and your credit history will be reported as perfect.
We should know better.