are credit repair companies legit

are credit repair companies legit

The short answer is……IT DEPENDS. Whilst there are a few out there that do right by their clients and do everything in their power to get results. Unfortunately on the other side of that coin, there are far too many that use illegal practices, don’t know what they are doing as a result putting their clients in even worse off positions or in extreme cases they flat out run off with their clients money and provide absolutely none of the services that were initially promised to the client. These situations are very concerning because the people entrust these credit repair companies with their personal information such as social security numbers, date of birth, previous addresses etc. Which can open the doors to identity theft. Even with that being said there are still good credit repair companies out there truly looking to help their clients here are a couple tips that you can use to find a good one.

⦁ Do they ask you to pay with venmo, cash app, zelle etc?
⦁ How did you hear about them?
⦁ Did they ask you to pay upfront?
⦁ Ask them how do they dispute accounts?
Ask if you will need to file a police report or claim that your identity was stolen?
⦁ How much are their services……..You get what you pay for
⦁ How long does the process take? A couple days(Lies Run)
⦁ Can they guarantee all of the negative items will come off?
⦁ Arre they going to get everything deleted to start fresh or just specific accounts?
⦁ Will you get copies of every letter that is sent out on you behalf? Or is that proprietary?

Sources:
htttps://www.ftc.gov/legal-library/browse/statutes/credit-repair-organizations-act
15 U.S.C. §§ 1679-1679j