Originally posted 2010-12-11 01:18:37. Republished by Blog Post Promoter

There are far too many controversies in regard to the credit repair business to disregard it. In fact, the reason that people who could benefit from the services of a credit repair professional but do not do so, is the “bad rap” the industry has gotten.

At the same time, it’s unfair and untrue that all those who repair credit are dishonest. You will also find professionals of high repute who will work very hard to restore your credit to “good health.” But the problem is how to determine which companies are trustworthy how to go about staying away from companies that are fraudulent.

Contrary to common belief, spotting a deceitful credit repair business is not that difficult. The first sign of danger is when such an agency purports to fix your credit score in a very short time

Because your credit history was formed over the span of many years, it’s just not possible to improve your credit score overnight. As soon as any credit repair business promises what you know is not possible, you should “dump” them, because they are clearly dishonest!

There are additional issues you need to watch for that will spell trouble. The scammers, most always, will demand full payment from the beginning.

It is illegal for a credit repair company to charge the fees before rendering any services. No matter how bad your credit report is, do not pay in advance of any services being rendered.

A less-than-reputable credit repair business is more than willing to use illegal methods. They may in fact recommend illegal tactics and try to convince you that it’s perfectly OK, since they have somebody on the “inside” in the credit bureaus who can cover up for them and you.

Don’t think for a moment they’re telling the truth! Do not encourage or accept any means to fix your credit unless it’s 100 percent legal. Regardless of how desperate your problems are, they will become much worse if you go outside the law to try and improve your situation.

If illegal means are used to improve your credit, you are the person primarily responsible; thus you stand to be prosecuted for breaking the law if you’re caught. Everything considered, it just isn’t worth risking it!

An additional way to know whether or not the credit repair business you’re considering is honest, is to ask that they counsel you in understanding the nature of credit repair. A respectable company will happily afford you advice and guidance in your endeavor to understand more about credit improvement.

A reputable company will take the role of a facilitator, while a fraudulent company will be reluctant to provide information concerning the credit repair process.

Filed under: Debt Collection Articles

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