Credit Repair
Repair Your Credit

CREDIT REPAIR CREDIT REPAIR

This may be the perfect time to repair your credit rating. Beware who you are dealing with though.

If you decide to respond to a credit repair offer, beware of companies that:

  • Want you to pay for credit repair services before any services are provided;
  • Do not tell you your legal rights and what you can do-yourself-for free;
  • Recommend that you not contact a credit bureau directly;
  • Suggest that you try to invent a "new" credit report by applying for an Employer Identification Number to use instead of your Social Security Number; or
  • Advise you to dispute all information in your credit report or take any action that seems illegal, such as creating a new credit identity. If you follow illegal advice and commit fraud, you may be subject to prosecution.

Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the promised services.