Frequently Asked Questions (FAQs)
What should you know about Credit Repair Companies?
The FTC and Credit Repair
Fraudulent credit repair companies have long been the target of FTC investigations, culminating most recently in Project Credit Despair which snared 20 credit repair companies in February 2006.
The Federal Trade Commission
The Federal Trade Commission (FTC) is responsible for enforcing consumer protection laws in the United States. In its capacity, the FTC offers a number of suggestions and warnings to consumers regarding credit repair organizations.
Is Credit Repair Legal?
Despite all the controversy surrounding the industry, credit repair is perfectly legal. That point is solidified by the creation of the Credit Repair Organizations Act.
Read more FAQ's Here.
Beware of credit repair services that request fees in advance
If a company charges a set-up fee then they are in violation of the law. We charge you $59.95 for a complete analysis of your credit reports and then $59.95 each month thereafter to repair your credit.
Beware of credit repair services that don't disclose your rights
Consumers have the right to attempt credit repair on their own. We offer our services to those that would prefer to have professionals managing their credit disputes and creditor interventions.
Beware of credit repair services that advocate "new" identities
It is unlawful to create a "new" identity by applying for an Employer Identification Number (EIN) to replace one's Social Security Number. File segregation is a serious crime that can result in fines or imprisonment.
Beware of companies that imply FTC endorsement
The FTC does not endorse any business. If a credit repair organization implies FTC endorsement, you would do well to proceed with caution.
