Credit repair scams are common in the credit industry. The ability to spot such scams will help you repair your credit without getting ripped off. There are plenty of people who are fascinated by the money that can be raised in a supposed effort to correct someone’s shortcomings. They can look like your angel; however, they are just criminals in disguise.

Some of the claims made by credit repair experts may seem too good to be true, but they are not if the company follows the rules and pays attention to the law. Let’s take a look at what can be done legally and what credit repair scammers promise but don’t deliver.

What a credit repair expert can do about your credit report:

• Inaccurate reports can be removed
• Reports made in violation of consumer protection laws may be removed
• Old reports can be deleted
• Some liens, foreclosures, bankruptcies, judgments, collection accounts, charge-offs, medical bills, credit card debt, inquiries, late payments, tax liens, and student loans can be removed.

What can not be removed:

• Accurate reporting that is up to date and done in a timely manner
• Reports that were made by creditors who do not violate consumer protection laws
• Reports that are accurate and within the time frame of being current
• Collection accounts that are not paid
• Repossessions, foreclosures, bankruptcies, judgments, collection accounts, charge-offs, medical bills, credit card debt, inquiries, late payments, tax liens, and student loans that are not old, unpaid, timely reported, and not in violation consumer protection laws

The main difference between a credit repair expert and a credit repair scam is that the scammer offers to erase bad credit when in fact they cannot erase legitimate bad credit that is current and accurately reported and in accordance with consumer protection laws. A credit repair expert pays attention to the laws, identifies inaccurate reports, and has the knowledge and strength to apply the law for the benefit of their clients.

In a credit repair scam, the representative will make promises you can’t keep and then won’t keep them. A legitimate credit repair expert will always offer a guarantee. If his credit doesn’t improve with the service, it shouldn’t cost him a dime. Don’t be fooled by a credit repair scam that promises to erase bad credit and produce a faultless credit report for you.