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Credit Repair Companies: Watch out!
There is no magic to repairing your
credit beyond what you can do yourself namely, getting your credit
report , disputing the inaccuracies, and taking care to use your credit
responsibly so no new derogatory items appear on your record.
Credit repair companies have been notorious for making untrue claims,
and many consumers have ended up in worse shape. As a result of the
abuses, the Credit Repair Organizations Act was passed by the federal
government. Much of the credit repair hoopla you find on the Internet is
illegal, not to mention - ineffective.
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