Hall of Shame Nominee #5:

Credit repair service scams

We see it happen every time there’s an economic downturn.  Sleazy “credit repair specialists” pop up on billboards, in radio ads, in the paper, all over town, promising to erase mistakes and bankruptcies from your credit history…for a small (or not so small) fee, of course.  The problem is, most of what they claim that they can do for you is a lie when it’s not flat out illegal.  We’ve heard stories of companies who claim they’ve negotiated payment plans with your creditors and take your money when the truth is that they've done nothing but rip you off.  Talk about kicking someone while they’re down! 

Don’t get taken in by scam artists when you’re at your most vulnerable.  Read The Truth About Credit Repair Services here.

Next: Do-nothing politicians

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