There are many people who want credit restoration in Dallas that have experienced problems with their credit. This makes it somewhat easy to become the victim of a scam artist. Since you may be desperate to get your credit back in order, it is easy to get involved with credit repair scams. Here are a few pointers that will stop you from making a financial mistake that can make your credit situation a lot worse.
Fees Should Be Paid Later
One thing that many Texas consumers don’t understand is the fact that you should pay for credit repair services after everything has been cleared up. If you pay up front, there is a chance that the company may never complete the service and you may never get your money back. If you are on the lookout for a great credit repair service, you should run the other way if they insist on being paid before completing any services.
You Are Asked To Create A New SSN
Your social security number (SSN) is what most financial services companies use to identify you. There are some credit repair services that convince people to change their social security numbers in order to avoid debt. This is not a good idea at all and there is a chance that you may get into more trouble for trying to avoid legitimate debts.
Accurate Information Should Not Be Removed
One thing that distinguishes credit repair scams from legitimate practices if the claims they make. If any company tells you that they can remove legitimate debt off of your credit report. The reality is that they will not be able to do this legally and you will lose any money you have invested. While there may be some legal loopholes they will try to take advantage of, trying to avoid debts that you rightfully owe is not the right thing to do.
You Are Not Informed Of Your Right
There are laws in place that hold credit repair agencies responsible for informing you of your rights. They must provide you with a written copy of all of your rights as a consumer. Even if the person you speak with initially tells you this information over the phone, it is important that you get it in writing. This will help you later in the event you feel any of your rights have been violated.
They Tell You Not To Contact Credit Bureaus
The worst thing about credit repair scams is that they take advantage of the uninformed. There are many credit problems that you can fix on your own by contacting the credit bureau directly and scammers may try to stop you from doing this. They may tell you many reasons it is not in your best interest to contact them and none of it is true. In fact, you may find that their services are no longer necessary after having a talk with one or more of the major credit bureaus.
You Are Solicited Via Email
If you are like many consumers, you may have gotten many emails in the past that purport to be from legitimate credit repair agencies. The reality is that no reputable company sends emails to people that have no expressed any interest in their services. Be very careful when dealing with these types of people since many of them will ask for personal information. Yes, it may be exciting to hear that you can restore your credit, but do not let this lead to you making unwise decisions. Instead of opening these emails, you should delete them and block the senders.
You Are Given A Vague Contract
When you agree to have services rendered by a credit repair agency, it is important for them to give you a contract. While this is true, you should be very leery of any contracts that are not very detailed. This is a very serious financial matter, which means that the contract you are given should be pretty extensive. The date, cancellation policy, company address and fee schedule are just a few things that should be explained in your contract.
You Cannot Find Any Company Information
If you visit the website of a credit repair agency, there should be a page that details exactly who you are dealing with. While you may prefer dealing with people via phone and email, there should be a physical mailing address available on the site. The less information that is made available to you, the higher the likelihood you are dealing with a shady company. There should be an email address, physical address AND phone number clearly listed for any company you are planning to work with.
They Have Terrible Reviews All Over The Web
Consumer reviews make the world go ’round, well at least they do in this case. You should always look for reviews from others that have been in the same situation you are currently in. They will be able to let you know if there are any companies that you should be on the lookout. It is sometimes hard to gauge the reviews you read since you may not know the exact source, but a large number of bad reviews is a definite warning sign. The best thing to do would be to visit the BBB (Better Business Bureau) website to see if there have been any complaints lodged against any company you are considering. This may seem like a lot to do, but it will keep you safe from scam artists.
Their Customer Service Is Terrible
Yes, it is strange to have someone tell you that bad customer service is an indicator of a scam, but it is actually quite common. Legitimate businesses know how important good customer service is, so they will do everything they can to make sure that you are satisfied. If you are being treated terribly and the person you are dealing with makes you feel unimportant, this may be a sign that the company is more about making profits than they are about keeping customers happy. Bad customer service does not automatically equal a scam, but it is something to keep an eye out for.
If you want to repair your credit without becoming a victim of a scam, you have come to the right place. The information here should help you find a company that is reputable and worth your time and money.