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Tips To Know If Credit Repair Is A Scam

by Liz Roberts on Apr 24, 2009

Tips To Know If Credit Repair Is A Scam


When seeking credit help, everyone is warned against agencies or organizations offering "quick fix" or "instant credit repair" to unsuspecting consumers. In fact, credit repair scam is so prevalent in the market today in response to the large number of people in need of credit help. In this article, let's talk about how you can avoid credit repair fraud and how you can distinguish a reliable credit counseling service.

Can You Repair Bad Credit? The fact is there is really no way you can instantly "repair" or "fix" bad credit. According to the Credit Repair Organizations Act, all agencies or companies offering credit counseling or debt help are mandated by rules and regulations set by the government. Those who will be found in violation of these rules must be punished by the law.

No agency has the power to erase negative remarks or unpaid charges in your credit report, unless these charges are incorrect or inaccurate. However, there is a way to...Read More >>



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Where to Find a Good Non Profit Credit Counseling Agency

by jenny3103

If you are falling behind your monthly payment dues, then you might probably need a good non profit credit counseling agency to help you in the proper management of your finances or lack of it.

Getting help through consumer credit counseling will put your financial status on a debt management program. Though you might think this will give you a bad credit reputation, then you’d better think again. This is actually better than declaring bankruptcy, though the difference is very little.

If you are in a debt management program you cannot also apply for another...

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