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Steering Clear of Credit Repair and Debt Management Scams

When you


There are countless debt and credit agencies anxious to cash in on your difficult situation, offering seemingly too-good-to-be-true solutions to your financial problems. But remember, if it sounds too good to be true, it probably is! Many companies offering credit repair or debt resolution charge high fees or may fail to follow through on their promised services, leaving you worse off financially than when you started. Other businesses may mislead you about the terms of their service, failing to disclose certain fees or clearly explain the complete terms of your agreement. Consider the following before you sign up for any financial service.


Things to Consider:



  • Check the company


Related Article: Choosing the Best Credit Repair Services >>
The Learning Center
Credit
Fair Credit Reporting Act Equal Credit Opportunity Act Fair Credit Billing Act and Electronic Fund Transfer Act What is Credit? How Credit Bureaus Work Personal Credit Report - A Financial History What is a Credit Score? Keeping an Eye on your Personal Credit History How Do I Clean Up My Credit Report? Choosing the Best Credit Repair Services TransUnion - Credit reporting agency Experian - A Leading Credit Bureau Equifax - Personal Credit Solutions
Debt
Fair Debt Collection Practices Act Selecting a Debt Management Program or Debt Counseling Service Finding the Right Debt Consolidation Agency
Personal Finance
Consumer Protection Laws - Credit and Debt Steering Clear of Credit Repair and Debt Management Scams Do I Have a Debt Problem? Get Me Out of Debt! Debt Free Living - A few simple suggestions Identity Theft Prevention - Protecting yourself What If I Become an Identity Theft Victim?