What is Credit Repair Scam?
All of us want to see a good credit score in their credit history. But only few can maintain scoring above 700. It’s not that much of a concerning matter how many people reach there but the problem is for those who are having really poor score. Some companies are taking advantage of this situation of those persons. They offer to improve your score with 100% guarantee. These companies have a great intention to take money out of your pocket. You need to be careful about some important thing before accepting the offer. Because according to law no one can remove or eliminate negative information from credit history. It will remain 7 years for negative information and 10 years for bankruptcy. Only wrong information can be fixed. So be careful about those companies that offer to eradicate negative info from your credit history. This is nothing but a scam and is well known as credit repair scam.Before enrolling your name with any credit repair company why don’t you try by yourself? Why will you pay to these companies when there is no surety of your credit repair? There are so many online websites where you can find sample letters to report if there is any wrong information. Or you can fill up the form of wrong information in report which you can find in major credit bureaus.
How can anybody believe in credit repair? It is so obvious it is a scam! credit counceling is another thing. it can be really helpful for people that are to overwhelmed with their financial problems.