If you have a bad credit record, you know how hard it can be to secure new credit or seek new employment. While you may be willing to do whatever it takes to repair your credit rating, some companies not only offer illegal advice or methods, but also misrepresent what they will be able to accomplish.
There are many other individuals and organizations the law does allow to provide you with credit repair assistance. Lenders, banks insured by the FDIC, and nonprofit organizations can give you credit repair advice. In some situations, a real estate broker, attorney or registered financial advisor may also advise you.
Questionable Credit Repair Offers
You have seen plenty of ads full of promises like these:
Credit problems? No problem!
We can erase your bad credit–100% guaranteed.
Create a new credit identity legally.
We can remove bankruptcies, liens, judgments and bad loans from your credit file forever!
Unfortunately, these companies cannot live up to their promises. Even after you pay hundreds or thousands of dollars in up-front fees, your credit will be no better. No one can remove correct...