How can a person check a credit repair company’s legitimacy?

Question by Lizzie H: How can a person check a credit repair company’s legitimacy?
I have this project for economics class and I can’t seem to find the answer. Like how can you know if a credit repair company is real or just a scam.

Best answer:

Answer by Mopery Sharper
They’re pretty much all scams; only time and responsible money management can repair a credit history.

For your project, go to the websites of the credit reporting agencies (Experian, Equifax, TransUnion) and see what they say.
Also, check out the website of your State’s Attorney General or Consumer Protection office; there is a wealth of good information there also.

Good luck on your project!

Add your own answer in the comments!

3 Responses to “How can a person check a credit repair company’s legitimacy?”

  1. Easy. They are all scams.

  2. They are all scams. Why pay anyone to do something that you can do yourself for free?

  3. No, they’re NOT all scams! Just like in any business, there are honest companies, and there crooks that give the others a bad name.

    However, you DO need to “do your homework” if you wish to avoid being ripped off!

    Ask lots of questions, references, and most importantly, check with the Ethical Credit Repair Alliance

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