With this in mind, it’s not surprising that so many people have become interested in credit repair over the last few years.
In fact, there are many credit repair companies out there that will do all of the hard work for you. This can be a very beneficial service, especially when you consider that most people don’t have the time or knowledge to repair their credit by themselves.
While many credit repair companies are totally legitimate and offer a wonderful service, there are some that are not entirely “on the level.”
Unfortunately, these rogue companies are prowling around the internet looking for ways to scam innocent people just like you. If you want to protect yourself from these scammers, then you should follow the tips below…
You are not offered a contract
Whenever you sign-up with a legitimate credit repair company, you will be given a contract to sign before they begin work on improving your credit score. This contract includes all of the vital information, such as how much you are being charged and what services will be undertaken.
Of course, rogue companies will never offer you a contract, which means once you have handed over your hard earned cash then they are free to do what they want. In a nutshell, if there is no contract on the table, then you should avoid using the service.
They offer to remove accurate information
While it is possible to remove incorrect information from your credit report in order to boost your credit rating, it is a false assumption that accurate information can be removed.
This means that any credit repair agency that claims to be able to remove accurate information from your credit report is flat out lying, and are only looking to get your cash.
You are required to pay the full amount upfront
It’s a good idea to be very careful of any company requesting full payment upfront. This is a very common scam, and once you have handed over your money then there is a strong chance you will never hear from them again.
Legitimate companies usually only require partial payment upfront, and then the rest of the balance once they have completed all of the services described in the contract.