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Beware of people who want to help you ‘repair’ your credit?
Is your credit score so bad that you may not qualify for a mortgage? Have no worry, for credit repair companies will ‘repair’ your scores for a fee. This controversial service has managed to transform a common white lie in the real-estate industry into a full-fledged business, and in the process, has worsened the situation for many people who are already deep in debt. Tmcnet.com reports:
In Ohio, a growing number of people are turning to them and feeling ripped off. Complaints to the attorney general about credit-repair companies have been on the rise, records show, including one filed recently against Creditlauncher.com by an industry watchdog.
Read more: Credit fix dismissed as house of cards: Critics pan trend toward attaching name to plastic with good credit history
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