Consumer Protection
Credit Repair Scam Warning Signs
Some companies make misleading promises about credit reports and scores. Consumers should be cautious of any company that promises promise score changes, promise approvals or removal of accurate information.
Common Warning Signs
- Upfront payment demands before legally required work is complete.
- Promises to remove accurate negative information.
- Pressure to dispute every negative item regardless of accuracy.
- Instructions to create a new credit identity.
- Vague explanations of fees, cancellation rights or expected work.
Use official resources from the FTC and CFPB before paying for help.
