Can Credit Repair Companies Be Trusted
Many credit repair companies claim to remove negative credit with the wave of a magic wand. Their advertisements make bold assertions and money-back guarantees: “Bankruptcy, tax liens, judgments…  no problem! One hundred percent guaranteed! Credit report 100% cleared in 30 days!” Can they really make such broad guarantees?

No… Some credit repair companies are disingenuous and less than forthright, and others are not and use the dispute process to obtain impressive results. The federal government has imposed strict regulations on credit repair businesses in an attempt to discourage unscrupulous credit repair opportunists.

The Credit Repair Organizations Act

Enforced by The Federal Trade Commission (FTC), was put in place to protect consumers from unscrupulous practices by organizations who claim to repair credit.

The Act seeks to ensure that consumers who decide to use credit repair services are aware of their rights and are able to make an informed decision about choosing to pay a credit repair company.

Recognizing a Credit Repair Scam

The FTC urges caution when choosing a credit repair firm, stressing the following:

1. Beware of Companies That Don’t Give You A Written Contract.

Credit repair organizations must give you a copy of the Consumer Credit File Rights Under State and Federal Law before you sign a contract. They also must give you a written contract that spells out the terms and conditions of payment and describes in-depth the services to be provided; including any guarantees of performance and your rights and obligations should also be disclosed.

2Beware of Companies That Guarantee Results

No credit repair company is so good that it can guarantee a specific outcome. Guarantees are a sure sign of credit repair fraud.

3. Beware of Companies That Charge Fees In Advance

The company wants you to pay for credit repair services before they provide any services. Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the services they have promised.

4. Beware When Your Rights Are Not Disclosed

Beware of the credit repair companies that do not disclose  your legal rights, and what you can do for yourself for free.

5. Beware of Companies That Imply FTC Endorsement

The Federal Trade Commission does not endorse any business, period.

6. Beware of Companies That Imply CDIA Endorsement

The Consumer Data Industry Association (CDIA) does not provide certificates to or certifies credit repair organizations.

7. Beware of Companies That Recommend Altering Your Identity

The company suggests that you try to invent a “new” credit identity – and then, a new credit report by applying for an Employer Identification Number to use instead of your Social Security number.

8. Beware of Companies That Sell Artificial Tradelines

—- This Is A Biggie and Our Blog Post Will Be Attached here Shortly.—-

9. Beware of Companies If They Ask You To Waive Your Rights

A credit repair organization can’t ask you to sign any kind of form waiving your rights under the CROA.

10Beware of Companies That Don’t Allow You to Cancel At Anytime

Do not trust any credit repair company that does not allow you to cancel service whenever you want. This is prohibited by the Credit Repair Organizations Act.
To request a FREE Credit Consultation today, please dial 877.546.9625.



Debt Settlement Home



Actual results



Sign Up

Service Notice


Identity Protection Home





Sign Up

Service Notice