Tuesday, February 1, 2011

Credit repair scams: what to do if you are a victim


credit repair scams abound as more and more people who have taken the debts are desperate to find a way. The scam is over and over again the same. These ' companies ' promise to erase your credit and help you start fresh, and all you have to do is pay them a fee.  What ends up happening is that you are in a worse position than before once you start to deal with these scam artists, and six out of the money you pay them. Here's what to do if you've been a victim of credit repair scams.

Contact Consumer Affairs of State

There are laws of the State to protect consumers against credit repair scams. Start by contacting the business office in your State to consumers what happened. The Office would be useful to explain your credit rights and investigate complaints against individuals and companies involved. The Agency may also refer to the State Attorney General.

Scam report to the Attorney General

You don't need to go through the State Office of Consumer Affairs to report the scam to the Attorney General. The Office of the Attorney General in your State also gets complaints about credit repair scams and to enforce laws against those who perpetrate such crimes. You can contact the Office directly and request to investigate and prosecute the matter for you. Is at the discretion of the attorney general to prosecute such individual cases, but if you have chosen your case, you will be able to recover the money you have paid to scam.

Avoid in the future companies that want you to pay them to manage your debt. These are probably scams credit repair that will set you back, rather than help them become debt free.

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