Are Credit Repair Companies a Scam?
CREDIT REPAIR COMPANIES can help you dispute errors on your credit reports, but they can't do anything for you that you can't do on your own. What's more, credit repair scams are common and can leave you worse off than when you started.What Is Credit Repair?The term "credit repair" is often misunderstood to mean any service that can help you improve a bad credit score. But the scope of credit repair services is actually a lot narrower than that. Here at Spokane Credit Repair, we focus on fixing errors, ongoing education, and score building.More than half of the credit or consumer reporting complaints submitted to the Consumer Financial Protection Bureau in 2017 were about errors people found on their credit reports. An erroneous negative item on even one of your credit reports can do serious damage to your credit score. As such, it's crucial that you spot and address inaccurate information as quickly as possible.Credit repair services can only help consumers get inaccurate or unfair negative items removed from their credit reports. This means that if you actually missed a payment, allowed an account to go into collections or made some other credit misstep, credit repair can't help you.We are a local credit repair company in Spokane WA. If you're in the Spokane - Coeur d'Alene are and have questions about credit repair please give us a call!
