60 Minutes Report: FTC Chairman on How to Choose a Credit Repair Company In the above video, FTC Chairman Jon Leibowitz, offers consumers two tips for how to choose a credit repair company. The tips are generally pretty good but continue reading for a few of my own tips on how to choose a credit … Read more
Consumers often ask me about the best way to dispute errors on their credit reports. Because some Utah credit repair organizations do not protect consumers’ rights, and in some cases actually waive those rights, I recommend consumers hire an experienced credit repair attorney to help. Ambitious consumers can also choose to do it yourself. Here … Read more
The FTC recommends do it yourself credit repair for many reasons. In some ways we agree but, in most cases, hiring a credit repair attorney may be a better solution. Time and Cost of Do It Yourself Credit Repair Consumers who engage in do it yourself credit repair may save a little money over consumers … Read more
Are you a victim of a credit repair scam? Credit repair scams are rampant in the consumer credit industry. Even though credit repair companies are governed by both federal and state law, these companies often disregard their legal obligations. The main statute that governs credit repair companies is the Credit Repair Organizations Act. Also known … Read more
We previously discussed a few common credit repair scams but believe it or not, there are additional deceptive or fraudulent acts in the credit repair world to be cautious about. Purposely Delaying the Credit Repair Process Most credit repair companies charge monthly fees which encourages them to work slowly or inefficiently. The simple fact is … Read more
You may be surprised to know that there are many common types of scams in the credit repair industry. Under federal law any deceptive or fraudulent act by a credit repair organization is considered a credit repair scam but other acts can also be unlawful. Many states also have similar prohibitions. Deceptive Representations The most … Read more
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