Credit Repair Scams & Fraud: Home Page

Credit Repair Scams & Fraud
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Debt-Consolidation

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Credit Repair Scams

You see the advertisements about credit repair in newspapers, on TV, and on the Internet. You hear the ads about debt consolidation on the radio. You get endless fliers in the mail. You may even get calls from telemarketers offering credit repair services. They all make the same claims:

"Credit problems? No problem!"
"We can erase your bad credit-100% guaranteed."
"Create a new credit identity-legally."

"We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!"

Do yourself a favor and save some money, too. Don't believe these statements. Only time, a conscious effort, and a personal debt repayment plan will improve your credit report.

This site compiled information from the Federal Trade Commission (FTC), the Better Business Bureaus (BBB) and other sources to explain how you can improve your credit worthiness and lists legitimate resources for low or no-cost help.

The Scam