The Credit Repair Organizations Act (CROA) Demystified

Have you heard any of the following claims? "We can repair your credit in just 10 days - GUARANTEED!" "We is able to remove damaging items from your credit file and replace them with good ones!" "We is able to allow you to develop a whole new identity with perfect credit!"... If all of these claims sound too great to be true, that is because they are. Do not be scammed. If you commit fraud when you follow unlawful advice, you could be subject to prosecution.

Major indicators to look for from scam credit repair companies are companies that:

- Claim they are capable to develop - http://search.usa.gov/search?affiliate=usagov&query=develop a new identity, employer identification number, or social security number for you

- Claim you have to pay them to dispute inaccurate components of your credit repair service contract ( similar internet site - https://www.peninsulaclarion.com/national-marketplace/best-credit-repair... ) report (you can do this yourself for free)

- Suggest that you dispute ACCURATE things into your credit report

- Don't explain the legal rights of yours as well as personal responsibilities when it comes to credit repair

- Do not offer you a definite credit repair contract which includes the services they will provide in addition to a total cost and conclusion date

- Expect you to pay costs in the beginning before completing some counseling or credit repair services.