Beware of credit repair scams – 3 signs that you’ve been conned
You will have heard of the many credit repair scams that circulate online, and like most people, you may also be scared of approaching credit repair agencies lest you be victimized. You need not worry too much about scams if you learn to read the telltale signs of fraud! There are three signs that all credit scams will bear as a signature:
1. They all offer you pat solutions to your problems. All scams work on the desperation of their clients. They hook them by promising the impossible; and in their extreme anxiety the hapless clients are too relieved to see anything amiss.
2. They all ask for payment upfront – 9 out 10 credit repair scams are characterized by the charging of upfront fee. The fraudulent companies are too worried that they will be discovered, and therefore need their fees in advance.
3. They do not respect the law. All credit repair scams have no respect for the law. They do not think twice when offering solution that bend or even break the law.
