Watch Out For Credit Repair Scams

Just about 5-6 years ago, credit repair scams were quite common. People were head over heels in debt and charlatans came crawling out of the woodwork to trap these desperate people into terrible fraud schemes. The Credit repair industry was held responsible as a whole and people suddenly feared this service and shunned it.

Credit repair frauds happen even today. However, people are less gullible because awareness is better today and because most respectable and legal credit repair agencies now belong to some nationally reputed regulatory bodies (such as BBB or ECRA), which ensure that ethics are applied in every dealing.

Even so, you need to be aware that scammers are still out there lying in wait for opportunities to steal your money. Their bait is always an offer too good to be true at a time when you need it the most. If you are ever offered something that does not seem possible – watch out you could become a victim of a credit repair scam.

Source:  Watch Out For Credit Repair Scams

Leave a Reply