How do I know if I have been the victim of a credit repair scam?

If you believe you may have been the victim of a credit repair scam, there are some warning signs to look out for. In California, it is illegal for credit repair companies to make false statements, charge upfront fees, or charge fees based on the amount of debt you are trying to have removed from your credit report. If a credit repair company is pressuring you to make payments or pay fees upfront, this is a red flag of a potential scam. Additionally, if the company makes promises about removing negative items from your credit report without offering a valid basis for doing so, it likely means they are operating illegally. Be mindful of any company that claims they can guarantee to raise your credit score or that they can guarantee the removal of all negative items in your credit report. In California, it is illegal for credit repair companies to make any promises about the removal of negative items in your credit report. Finally, if a credit repair professional claims to offer any type of legal advice, this is a clear sign of a potential scam. Only lawyers in California are allowed to offer legal advice. If you feel like you have been a victim of a credit repair scam, or if you are suspicious of a company’s practices, you should contact the California Department of Justice or the Federal Trade Commission to report the company and seek further guidance.

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How do I know if I have been the victim of a credit repair scam?

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