Buyer beware. That’s the ancient warning that still rings true in every industry. And it’s no different in credit repair. However, when done correctly, credit repair is totally compliant with the law.

In fact, real, professional credit repair is entirely about leveraging your consumer rights under the law to get you the best credit you’re entitled to.

Unfortunately, underhanded or incompetent credit repair companies have created such a bad reputation that many people assume credit repair, itself, is not legal.

On the contrary, professionally repairing your credit is one of the more well-regulated business practices there is.

You simply need to know what to watch out for in order avoid wasting your hard-earned money and find your way to safe, legal credit repair.

Warning Signs of Illegal Credit Repair

We, of course, would prefer to earn your business and redeem your trust in us. But no matter where you go, we want you to stay safe and not become the victim of fraud or incompetence!

If you see any of these red flags, it’s best to look elsewhere for your credit repair needs.

Specific Promises

Have you seen credit repair ads that say your credit scores will improve by 100 points within 30 days, or something like that?

This is a sure sign of fraud, if not at least noncompliance. Federal regulations specifically forbid credit repair companies from making specific promises about your credit scores or timelines.

Every case is as unique as the person, which means your credit score could improve in as little as 30 days, or it might take considerably more time. The only way to know for sure is to try.

This isn’t to be confused with guarantees, which need to be specific and clear.

Upfront Charges

The typical pitch of a credit repair fraudster is to make impossible promises and then, once you’re sold, ask for money upfront.

Both practices are illegal. Reputable credit repair companies like ours will never bill you for any services that have not yet been provided.

Hiding Information

The point of credit repair is to improve your credit history. Legal credit repair isn’t a cheat or a way to “beat the system.”

When a credit repair company, or anyone, offers to help you set up an Employer Identification Number (EIN) or a credit privacy number (CPN) to “start your credit over”… run.

Some even go so far as provide “alternate” Social Security numbers, or at least recommend you use some other number than your SSN when applying for new credit. Both of these are identity fraud, and could expose you to civil or criminal liability.

Conclusion: Keeping It Legal

Compliance with the law should be the number-one priority for any legitimate credit repair company. It certainly is ours!

When you talk to one of our credit professionals, you’ll know right away that you’re in the right hands. We take the time to listen to your needs and goals, look through your credit reports for every item that can be legally disputed, and advise you on ways you can improve your credit lawfully and permanently.

Ready to make your credit the best it can be? Call or message us today!

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