There is way too much debate about the credit repair business to just discount it. The fact is, the reason that most people who need credit repair help hesitate to avail of these services, is the bad name associated with the credit repair industry.
Nevertheless it would be unfair to say that all those who work in this line are fraudulent. You will also find professionals of high repute who will work very hard to fix your credit and improve your credit worthiness. But the problem is how to go about finding which companies are reputable and how to avoid being taken in by the scammers who are ready to take YOU for all they can get.
In spite of commonly held belief, detecting a deceptive repair agency isn't all that hard. The first warning sign is when such an agency purports to repair your credit overnight
As your credit worthiness is based on many years of financial history, it's just not possible nor is it realistic to expect to improve your credit score overnight. The moment any credit repair business guarantees the impossible, it's time to look elsewhere, because they are clearly dishonest!
In addition there are other warning signs you should look out for as well. The deceitful "professionals", most always, will require full payment upfront.
To ask for full payment upfront is illegal under federal law. Regardless of how bad your credit is you need not pay the complete fees in advance.
A fraudulent credit repair business will not think twice about recommending illegal means to improve bad credit. They will even counsel you to use illegal methods while convincing you that there is nothing wrong in doing so, as they know an "insider" who works for the credit bureaus who will cover their tracks.
Never fall prey to lies of this nature! Make sure you never support any type of intervention to improve you credit score that isn't 100% legal. Irregardless of how bad your problems are, they will be made even worse if you do anything illegal.
If illegal means are used to improve your credit, you are the person primarily responsible; for that reason you stand to be prosecuted if caught breaking the law. At the end of the day, it's not worth the trouble it can cause you!
Yet another means to find out whether or not the credit repair business under consideration is "for real", is to ask that they counsel you in understanding the nature of credit repair. A trustworthy company will happily provide you counseling and "hand holding" in your efforts to become more knowledgeable in regard to credit restoration.
A genuine agency will take the role of a facilitator, while a fraudulent company will be reluctant to provide information related to fixing your credit.
Author Resource:
Jim Eastman writes about financial related matters. The Ethical Credit Repair Alliance is an organization of trustworthy credit repair business professionals For additional information visit http://www.EcraMembers.org
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")