What Are Credit Repair Scams?

• Fraudulent companies promise to erase bad credit or boost scores instantly.
• They charge high upfront fees without delivering results.
• Some use illegal tactics, like creating fake identities or disputing accurate information.

How Do These Scams Happen?

• Scammers target people desperate to improve their credit.
• They claim to remove legitimate debts or create a new credit identity.
• Victims may unknowingly commit fraud by following their advice.

Example of a Scam:

• A company offers to create a "new credit file" using a fake Social Security number.
• Engaging in this can lead to serious legal consequences.

​How to Protect Yourself?

• Research any credit repair company before signing up.
• Avoid those demanding upfront payments or guaranteeing unrealistic results.
• Check reviews and verify credentials from official agencies.