Credit Repair Service Scams – How They Are Robbing Consumers Blind

If you are thinking about hiring a credit repair service to clean up your bad credit report, you better take notes on the following special report:

Credit Repair Services are robbing unsuspecting consumers blind with their shifty scams, false hopes and broken promises. The director of the Federal Trade Commission’s Bureau of Consumer Protection warns citizens in need of credit repair to be advised of numerous credit repair service scams and schemes. He states that while “There are legitimate, credit repair options available, the FTC has never seen a legitimate credit repair company.”

Don’t be fooled by credit repair services that contact you with hard-sell tactics, unbelievable promises and outlandish fees. There are several big-time scams underway in the United States fooling consumers into paying big bucks to have their credit report cleared.

Be wary of credit repair services claiming that they are “in” with the credit bureaus, have some sort of special arrangement or know a secret tactic to make credit reporting agencies delete bad credit reports from your file. If you have any questions concerning where and how to use 11 word phrase to stop debt collectors, you can make contact with us at our site.

There is no such thing as an ‘in” with the credit bureaus, they have rules and regulations that they follow to the letter, no matter what credit repair service you represent. The credit bureau may temporarily remove the debt in question from your file and place it on the disputed list, but when the bogus credit repair service doesn’t follow up with the proper procedures, the debt will return onto your credit report. This temporary deletion from your file is the so-called ‘clean credit report’ the credit repair service is promising.

Another bogus line some Credit Repair Services use to hook you is; “we can convince the creditor you don’t really owe this debt.” They come with a scheme to have you challenge the debt and then attack the debt holder with procedural requests that will allegedly make them drop the bad claim off of your credit report. Although there are legitimate ways to compel a debt holder to prove disputed debts, this is not an effective method and consumers rarely see any long term results from using this type of credit repair service scheme.