Monday, October 19, 2009

Credit Repair Scams are on the Rise

Credit Repair History

If you need credit repair help, make sure you know who you are working with.

If you need credit repair help, make sure you know who you are working with.

Credit repair services started out with an honorable mission: to help people get out of debt and live the American Dream. They were originally designed to help people get back on track financially, while repairing the damage done due to a variety of circumstances that ruined their credit in the first place. They were not, however, designed to help you fraud the financial institutions or even the government.

During the financially prosperous times of the 1980s and ’90s, credit repair services were few in number. Why? Because there just wasn't the market for it like there is today. Unfortunately, with the rise of unemployment and foreclosure disasters, scammers and legitimate companies popped up rather quickly, leaving you to "fend for yourself" in the jungle. Credit repair services can be helpful if you know what to look for in a company. Education is the first step to protecting yourself. … click here to read the rest of the article titled “Credit Repair Scams are on the Rise



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