Credit Repair Scams – Credit repair scams are more common than you think. If you’ve ever struggled with a huge amount of debt and are worried that your credit was obliterated beyond repair, chances are you’ve received some offers in the mail to relieve you of your woe in a way that seemed to good to be true.
These credit repair scams make wild promises of helping you get back on your feet and restoring your credit as though it takes no more than a flick of a magic wand. While you can take action against your poor credit (request a re-investigation or work hard at restoring it over time) sadly, there is no quick-fix.
According to Credit Report Problems:
No one can legally remove accurate and timely negative information from a credit report. But the law does allow you to request a reinvestigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for this. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost. According to the Fair Credit Reporting Act: