DIY Credit Repair: How to Spot a Credit Repair Scam
Tuesday, April 26th, 2011The Credit Repair Organizations Act, or CROA, has protected consumers against unfair business practices by fraudulent credit repair organizations since 1996. However, some consumers still fall prey to advertising scams that promise to fix credit and wipe credit reports clean of negative marks.
But when it comes to repairing your credit, there’s never a quick fix. Credit repair, whether you do it yourself or you enlist the aid of a credit counselor, can take a long time and a lot of patience. When eliciting help from a credit repair service, make sure you choose a reputable company by watching for these credit repair red flags.
- They solicit you through email. If you receive unsolicited emails from credit repair services, don’t even open them. Man