Credit repair becomes an option when life has become tough and finances are struggling. Your score drops because you are struggling to make payments, and things just seem to be going downhill from there. While it may seem like things can spiral out of control, there are services to repair credit waiting for you out there.
Join us as we look at the signs of a credit repair scam, and how you can spot the best services for your needs.
5 Signs Of Credit Scams (And How to Spot Legitimate Options)
When you’re choosing a credit repair company, there’s a lot of factors at play. When you’re looking for the best options, keep an eye out for these warning signs and use them as signposts for finding a company that is right for you.
1. Big Promises
Watch out for lofty promises. Things like erasing your credit, starting from scratch, or changing your identity are all warning signs of a scam. Worse, some of these tactics can be downright illegal!
2. Pay Now
Credit repair services should never charge your for services before they’re performed. This is why legitimate companies charge monthly and don’t sign you into contracts.
3. No DIY
You can repair your own credit, it’s a fact. Legitimate credit repair services will tell you this from the get-go, thus giving you the knowledge you need to make an educated decision.
4. Salesy Tactics
If your service agent sounds more like a salesperson than a counselor who wants to help you, then you’re probably in the wrong place.
5. Little History
Credit repair scams tend to come and go. If your credit repair company doesn’t have a long history of helping people and a legitimate record of their presence, they may not be real.
Use these tactics to help you avoid scams and ultimately come out on top with a great credit repair company!