Scams

 

Fraudulent credit repair companies have long been the target of FTC investigations, culminating most recently in Project Credit Despair which snared 20 credit repair companies in February 2006 and shutting more down again in 2008. The Federal Trade Commission (FTC) is responsible for enforcing consumer protection laws in the United States. In its capacity, the FTC offers a number of suggestions and warnings to consumers regarding credit repair organizations.

Beware of companies that state you will have a team of attorneys working your credit. Most of these companies will imply that you will have attorneys and paralegals at your disposal working on your case. The fact of the matter is no attorney will ever even see your credit profile, not to mention the paralegals are mostly data input personal. They simply input your credit reports into their computer system and then send you a link to client login and you end up doing your own credit report dispute on a very generic level. At Attractive Credit each and every one of our client's credit profile are personally reviewed, investigated and worked hands on.

Beware of credit repair companies that misrepresent their experience in the credit repair industry. Claims such as "25 years of experience" can be misleading. That number often represents the combined years of attorney experience, not the actual length of time that the firm has been in the credit report repair industry. Attractive Credit has been practicing credit report repair since 2003.

Beware of credit repair services that don't disclose your rights. Consumers have the right to attempt credit repair on their own. Attractive Credit offers a self help credit repair eCourse for only $97. However, Attractive Credit offers its affordable professional credit repair services to those clients who prefer having thoroughly trained professionals managing their credit disputes and creditor interventions.

Beware of credit repair services that advocate "new" identities. It is unlawful to create a "new" identity by applying for an Employer Identification Number (EIN) to be used as one's Social Security Number. This is called file segregation and is a serious crime that can result in fines or imprisonment.

Beware of companies that imply FTC endorsement. The FTC does not endorse any business. If a credit repair organization implies FTC endorsement, you should look into their claims very seriously.

You are in good hands with Attractive Credit.