Credit repair fraud – What do you do when you are the victim?

Have you been defrauded by any credit repair agency? Do you know of anyone who has experienced credit repair fraud? What should you do in such circumstances?

First of all immediately file a complaint with the proper authorities, so the fraud can be investigated and possibly be stopped before it draws in other victims. Once you have reported the scam, go back and find the right credit repair agency for help. Do not lose hope because you have gone through credit repair fraud.

This time ensure that you check the antecedents of the company thoroughly before you sign the dotted line. The best bet will be to check whether they are affiliated with any significant regulatory body such as the ECRA (Ethical Credit Repair Alliance) and/or the BBB (Better Business Bureau). When you avail of the services of such agencies you are safe from any credit repair fraud.

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