Where do I report a Credit Repair scam?

If a company promises to create a new credit identity or hide you bad credit history or bankruptcy. It's also a scam. These companies often use stolen Social Security numbers or get people to apply for Employer identification Number from the IRS under false pretenses to create new credit reports. If you use a number other than your own to apply for credit, you won't get it, and you could face fines or prison.

Where do I report a credit repair Scam?

If you have a problem with a credit repair company, report it to:

your state Attorney General (naag.org) or local consumer affairs office. Many states have their own law covering credit repair companies.
the FTC at ftc.gov/complaint or 1-877-FTC-HELP. The FTC can't resolve individual credit disputes, but it can take action against a company for breaking the law.

Is There anything else I can do to improve my credit?

It takes time to improve your credit, but you can rebuild your credit by paying your bills by the due date, paying off debt-especially on your credit cards-and not taking on new debt.

If you're in debt and need help, a reputable credit counseling organization might be able to help. Good credit counselors spend time discussing your entire financial situation with you before coming up with a personalized plan to solve your money problems. They won't promise to fix all your problems or ask you to pay a lot of money before doing anything.

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Sample Letter for Disputing Errors on Your Credit Report with Credit Bureaus

What if I pay a Credit Repair Company, and it doesn't live up to its Promise?

What if I pay a Credit Repair Company, and it doesn't live up to its Promise? sue the company in federal court for your actual losses or what you paid the company, whichever is more. seek punitive damages-money to punish the company for violating the law join other people in a class action lawsuit against the company. How do I know If I'm dealing with a Credit Repair scam? insists you pay it before it helps you. tells you not to contact the credit bureaus directly tells you to dispute information in your credit report you know is accurate tells you to lie on your applications for credit loan doesn't explain your legal rights when it tells you what it can do for you. These are all bad ideas, and they'll hurt your credit.

What happens if the investigation finds there's a mistake? What can I do if the investigation doesn't find there's a mistake?

If the investigation finds there was a mistake, the business has to notify all three credit bureaus so they can correct it in your files. The credit bureaus have to give you the results in writing and a free copy of your report if the dispute results in a change. If information on your report is changed or deleted, the credit bureau can't put the disputed information back in your file (unless the business that provided the information certifies that it's accurate and complete.) The credit bureau also has to: send you a notice that includes the name,address,and phone number of the business that provided the information. Send notices of the correction(s) to anyone who got your report in the past six months, if ask send a corrected copy of your report to anyone who got a copy during the past two years for employment purpose, if you ask What can I do if the investigation doesn't find there's a mistake? If the investigation doesn't resolve your dispute with the credit ...

Fixing Your Credit for 2021

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