How to Spot Credit Repair Scams And Correct Your Credit

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How to Spot Credit Repair Scams And Correct Your Credit History Yourself

Millions of Americans are suffering from huge mortgage payment delinquencies and credit card debt. The two go hand in hand and are mainly the result of mortgage lenders loaning money to people that had no business getting a loan.

Many of these people are thousands of dollars in debt and looking at foreclosures and bankruptcy. This is when the scammers will jump in and try to prey on these victims.

You will start to see an increase in ads like these:

“Credit Problems? No Problem!”

“Erase Bad Credit! 100% Guaranteed!”

“Remove Bankruptcy and Liens From Your Credit File!

If you’re looking for a way out of your credit problems, don’t believe promises like these! All this will do is get you much deeper in debt. Dont believe the quick-fixes advertised by these guys.

There’s a brisk business among so-called “credit repair” companies that charge from $50 to more than $1,000 to “fix” your credit report. In many cases, these outfits take your money and do little or nothing to improve...

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