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Credit Repair Scams

In this type of scam, a company requests an up-front fee for which the company promises to "repair" the customer's credit report. However, there is little, if anything, such a business can do to "repair" a customer's poor credit track record. And by law, anyone may request a copy of their own credit report for a nominal fee which is usually far less than what these firms charge. Further, if someone has actually been denied credit, they are entitled to a free copy of their personal credit report. Credit Repair Ads

Be wary of advertisements that say "Erase Bad Credit! 100% Guaranteed!" Or "remove bankruptcy and liens from your credit file." There are no quick or easy cures for a poor credit history based upon accurate information. See credit report and credit problems for more information.