Credit Repair Scams - The Warning Signs - CREDIT REPAIRFree Credit Report Directory. Find free credit report providers, learn the importance of checking your free credit report annually |
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| TODAY'S SAVING TIP Credit bureaus can provide information only to the following requestors: (1) creditors who are considering granting or have granted you credit; (2) employers considering you for employment, promotion, reassignment, or retention; (3) insurers ... Read more | |||||||||
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CREDIT REPAIR: Credit repair scams - the warning signsIf you decide to respond to a credit repair offer, beware of companies that: want you to pay for credit repair services before any services are provided; do not tell you your legal rights and what you can do—yourself—for free; recommend that you not contact a credit bureau directly; suggest that you try to invent a "new" credit report by applying for an Employer Identification Number to use instead of your Social Security number; or advise you to dispute all information in your credit report or take any action that seems illegal, such as creating a new credit identity. If you follow illegal advice and commit fraud, you may be subject to prosecution. You could be charged and prosecuted for mail or wire fraud if you use the mail or telephone to apply for credit and provide false information. It's a federal crime to make false statements on a loan or credit application, to misrepresent your Social Security number, and to obtain an Employer Identification Number from the Internal Revenue Service under false pretenses. ADDITIONAL CREDIT REPAIR RELATED FACTS Repairing Your Credit Mistakes What Does It Mean To Have Damaged Credit? The Warning Signs Questions To Ask Credit Counseling Agencies Credit Repair Scams - Protecting Yourself Create A Positive Credit History Should I Go To A Credit Repair Company For Help With My Bad Credit? |
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