Always Watch Out For Credit Repair Fraud – 3 Warning Signs

bigstockphoto Confidential Data 5442513 Always Watch Out For Credit Repair Fraud – 3 Warning Signs

There are still plenty of people who make tons of money through credit repair fraud. Sad but true. These con men hope to find people who are upset and desperate about their income and debt positions. Many victims are acutely depressed and consider themselves’ complete failures, which is exasperated when they realize they have been duped. Conmen have a knack for identifying people with these vulnerabilities and targeting them.

Pay attention to these three very obvious scams and identify credit repair fraud before it traps you into doing something you will regret later. Here are 3 warning signs for you:

1.   You are promised things that are “too good to be true” – This is a major warning sign. Do not believe that your credit score can change overnight.

2.   You are asked to pay all fees upfront. Not only is requiring fees to be paid upfront illegal but it can also cause further financial hardship.

3.   You are told you could use someone else’s Secret Security Number – This is obviously contrary to acceptable credit repair practices and can be punished severely by both federal and local authorities for credit repair fraud.

Source:  Always Watch Out For Credit Repair Fraud – 3 Warning Signs

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