Last updated: 7/2009

Self Help May Be Best

You see the advertisements in newspapers, on TV, and here on the Internet. You hear them on the radio. You get fliers in the mail. You may even get calls from telemarketers offering credit repair services. They all make the same claims:

"Credit problems? No problem!"
"We can erase all of your bad credit ¡ª 100% guaranteed."
"Create a new credit identity ¡ª legally."
"We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!"

Do yourself a favor and save some money, too. Don't believe these statements. Only time, a conscious effort, and our techniques will improve and remove items off of your credit report(s).

Our program explains how you can improve your creditworthiness and gives legitimate resources using low or no-cost methods.

The Scam

Everyday, companies nationwide appeal to consumers with poor credit histories. They promise, for a fee, to clean up your credit report so you can get a car loan, a home mortgage, insurance, or even a job. The truth is, they can't deliver. After you pay them hundreds or thousands of dollars in fees, these companies do nothing to improve your credit report(s); most simply vanish with your money.

The Warning Signs

If you decide to respond to a credit repair offer, look for these tell-tale signs of a scam:

companies that want you to pay for credit repair services before they provide any services.

companies that do not tell you your legal rights and what you can do for yourself for little to no cost.

companies that recommend that you not contact a credit reporting company directly.

companies that suggest that you try to invent a "new" credit identity ¡ª and then, a new credit report ¡ª by applying for an Employer Identification Number to use instead of your Social Security number.

companies that advise you to dispute all information in your credit report(s) or take any action that seems illegal, like 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 lie 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.

The Tragic Truth

Having bad credit in America makes life harder to live. You can miss out on jobs, getting a mortgage, and other opportunities life should reward you with. Companies that claim to be experts on credit repair exploit those with bad credit and make them think that there is nothing else they can do. Well, THAT IS NOT TRUE!

Repairing your credit isn't just a series of techniques, it is a right that all of us have as consumers! The problem is people aren't equipped with the knowledge and tools to repair their own credit and improve their "financial reputations".

Credit repair companies want to give us the impression that they are experts and that there are "magical" things that they can do to just make negative information "disappear". If you believe that, then please Do Not Buy our program. Buy the other programs out there first. Once they fail, then buy our program.

This Self Credit Repair Program and the techniques within are simply tools. Having bad credit can and does feel overwhelming, like you are buried up to your neck.

Let ConsumersSavings.com provide you with the shovel you need to dig your way out.