Wednesday, February 08, 2006

'Project Credit Despair' Snares 20 'Credit Repair' Scammers


I'm astounded by the fact that how many people still fall for the false claims and faulty promises of the scamsters trying to rip people off their money.
The Federal Trade Commission, U.S. Postal Inspection Service (USPIS), and eight state law enforcement agencies today announced a crackdown on 20 operations that deceptively claim they can remove negative information from consumers’ credit reports ven if that information is accurate and timely.

Here's how you can avoid turning credit repair into credit despair:

* Avoid any company that wants you to pay for credit repair services before they provide any services. It is against the law.
* Avoid any credit repair company that will not tell you your legal rights and what you can do, yourself, for free.
* Avoid any credit repair company that tells you not to contact a credit reporting company directly.
* Avoid any credit repair company that advises you to dispute all of the information in your credit report.
* Avoid any company that suggests creating a new credit identity and then, a new credit report by applying for an Employer Identification Number to use instead of your Social Security number. That is against the law. If you follow illegal advice and commit fraud, you also may be subject to prosecution.

Johncy Edward
Your Trusted Credit Repair Gurur

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