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8 Red Flags to Watch Out for in Credit Repair Agencies

October 11th, 2012 · No Comments · Credit Repair

by Kristy Welsh

(Last Updated On: February 26, 2018)

8 Red Flags to Watch Out for in Credit Repair AgenciesThere is nothing a credit repair agency can do for you that you cannot do for yourself. However, if you would rather invest your time and energy elsewhere, you may certainly hire a credit repair agency to do the work for you. While by no means complicated or difficult, credit repair can be tedious, bordering on frustrating, as it does take ample patience to wade through a process than cannot be rushed.

As you are probably well-aware, there are plenty of credit repair agencies out there who would love to have your business. Unfortunately, the vast majority of them are to be avoided at all cost. If you’re not careful, you could get involved with an agency that not only makes empty promises, but actually makes your credit worse than when you started!

To help ensure you hire a legitimate credit repair agency, watch for the following red flags and flee if and when they say they can:

1) Repair your credit, no problem!

2) Erase your bad credit — 100% guaranteed.

3) Create for you a new credit identity — legally.

4) Remove bankruptcies, judgments, liens, and bad loans from your credit file forever.

You should also avoid credit repair agencies that:

5) Want you to pay for credit repair services before any services are provided.

6) Do not tell you your legal rights and what you can do, yourself, for free.

7) Recommend that you not contact a credit bureau directly.

8) Advise you to dispute all information on 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.

Do these all-too-common red flags have you thinking twice about hiring a credit repair agency? Our credit repair articles are comprehensive, providing you with all the resources you need to do it yourself!

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