How do I know if my credit repair company is legit?
James Rogers 
How to tell if a credit repair company is a scam or legitimate
- Asks for payment before performing any work on your behalf.
- Promises or guarantees to remove negative data on your credit report, even when it is accurate.
- Asks or advises you to mislead credit reporting companies about one or more of your accounts.
Should you pay a credit repair company?
However tempting it may be to pay someone to undo damage, you are your own best resource. In short, no one can legally remove accurate and timely negative information from a credit report, and everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost.
What do you need to know about credit repair companies?
The Federal Trade Commission (FTC) has pursued dozens of credit repair companies that have broken the law. These companies are often required to pay hefty fines, and some have even been banned from doing business in the credit repair industry. A few warning signs that you’re dealing with a shady credit repair company might include:
What are the signs of a shady credit repair company?
A few warning signs that you’re dealing with a shady credit repair company might include: They ask you to pay upfront before providing any services. They cite an affiliation with the government or a special relationship with the credit bureaus. They promise that you’ll achieve a specific credit score.
Is it legal to repair a credit report?
There are two main credit repair laws that guarantee consumers the right to correct errors in their credit reports. There are also laws in every state that regulate the credit repair industry and service providers. It’s important to note that credit repair is legal in all 50 states.
Where can I get free credit repair information?
From there, check out potential agents with your local consumer protection agency and State Attorney General’s office. As a final step, as the agency for any free information they have about their services. You should be able to get free information without having to provide any details about your particular situation.
