China Ubuntu

by Brian Landis

Credit repair scams counts as one of the most common types of online scams among according to studies conducted in 2008. Little surprise because the credit repair business is a very lucrative one – I am talking about scams of course! Unfortunately because of the credit crunch and the financial crisis, many people have found themselves severely tied up in debt and as a necessary corollary their credit reports have been decimated. As a result, this has inevitably lead to many desperate people trying to find a quick solution for their credit report woes and so they try to find the answer online. This leads them right into the trap of online credit repair scams waiting to welcome them with open arms (and a sack behind their back to carry the free cash). Here are a couple of tips on how to spot credit repair scams online.

The commandment not to read a book by its cover has been repeated so many times over and over again that it has become almost clichéd and perhaps it should be said that you shouldn’t trust this saying straightaway! That’s because credit repair scams online start hooking in their customers by the mere presentation of their website – yes, flashy colors and grandiloquent aphorisms look and sound really good but be wary! This is often the first thing that should set off alarm bells in your head about the nature of the company running the website and that is that they put in so much effort into the presentation of their website precisely because they have so little substance behind the thing veneer of their website.

Of course, not every well-designed website is about a scam but that is the first thing you can look out for.

The next thing you should do is look at the content of the words on their website.

If they make wonderful promises about completely cleaning your credit report, no questions asked and with 100% guarantee, that is another warning sign that is simply impossible to miss. That is because while credit reports can be cleaned to a certain extent, not every credit report can be 100% fixed and anyway you should not trust anybody who speaks in absolutes. This is the second thing that you should observe – that credit repair scams try to hook you in by making firm promises that often cannot be met.

Lastly, one common tactic used by credit repair scams is to ask you to commit a small payment before they deliver any results. This is not only ethically wrong of them to do so but also illegal. There is a business law that is part of U.S. Federal regulations that forbids any enterprise or business from asking for full payment before delivering on their promise or producing the results. Credit repair scams try to convince you that parting with a few hundred bucks is a small price to pay for the compensation of a clean credit report but more often than not it is a moderate price that adds on to your financial woes because you can be sure that the money you commit to these credit repair scams will not return to you and neither will your credit report be fixed. The next time you are on the internet, be careful of these internet credit repair scams.