Bad credit can be a problem for someone, but many scamsters out there thrive
on this very fact. Have you ever heard, read or got a call that says - Erase
your bad credit-100% guaranteed, remove bankruptcies from your credit
file, FOREVER or create a new credit identity-legally? You are about to
become a bait for credit repair scamsters. Here is how you can identify and
stay clear of such misleading and malicious offers.
If it sounds too good to be true- it is not true at all. Credit repair scamsters
promise you the moon but, how can they achieve this? Do they control the credit
rating agencies? Always remember credit rating agencies are unbiased and have
no connection whatsoever with any credit repair agencies who provide such offers.
Got a lucrative credit repair offer in email? It is a spam. Scamsters harvest
email addresses, purchase mailing lists and send you credit repair mails. Let
us see how it works. If a credit repair scamster sends fraudulent credit repair
mails to 100,000 people and even if 1% of them reply, the person has a good
business. Don't simply believe in such emails. Report this kind of spam.
A person who wants his credit repaired must have met some agency who demands
an upfront fee to look into their problem. They don't guarantee you anything
but the money has to be deposited in advance. So, don't you smell a rat here?
Stay clear of any such agency. Any credit repair agency worth its salt would
provide you the service and agree on a payment schedule that inspires confidence.
Does you credit repair agency offer you a new identity? If so, you are jumping
straight from the frypan into the fire. Your existing situation is bad but it
is still legally correct, if you supply false information and change your identity,
it is a big crime and once caught, the agent and you are in for a big trouble.
Credit repair is a thing that you can do yourself without any external help.
However, if things are too complicated try to get a good credit repair agency.
Use the above information and supplement it with active research to arrive at
a good decision. Asking for references, and keeping your eyes open will help
you aviod getting into credit repair scam.