Government regulators to the rescue.
If you have ever been taken in by the idea that your credit report could be improved for a price, you will be glad to know something is being done about it.
Government regulators are cracking down on companies that claim to remove negative information from consumer credit reports.
The Federal Trade Commission (FTC), along with the U.S. Postal Inspection Service and eight state law enforcement agencies, have identified 20 companies that promise to remove information from consumers’ credit reports for a fee.
Credit repair promoters on average charge hundreds of dollars, but don’t deliver the product. What is not generally known by consumers is that credit repair companies in fact cannot do anything for you that you cannot do for yourself for free or at little cost. There is never any reason for consumers to pay for credit repair.
Bad Credit B Gone, is one of the scamming companies that the FTC alleges made promises of fixing reports and giving customers “the credit you always dreamed of!” The FTC has charged Bad Credit B Gone with violating the FTC Act by making false or misleading statements and is seeking to stop the company’s operations and return money to customers.
Of course one would need money to continue to have a good credit report. Are you looking for extra money? You can go to www.CashUnclaimed.com and do a free money search. The search includes all state and federal databased on one site with one entry of your name. It is very simple and you will know within minutes if you have money due to you.
