By Tim Phelan

It’s important to be careful when dealing with a credit repair company because in the recent past there have been real scams by unethical credit repair companies who take advantage of people who have already been through hard times. These scams are truly unfortunate and when they are found out the government will step in to prosecute them and/or close them down. The government agency which regulates these credit repair companies is the Federal Trade Commission, also known as the FTC. The fact that a company like Lexington Law has been in the credit repair business since 1993 should be the first sign that the Lexington credit repair service is not a scam.

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Beware of credit scams. People desperate to clean their credit history have often fallen for these credit and debt scams. Your best armor against these is knowledge plus, of course, a dollop of commonsense. 

There is no quick fix to credit problems. There is no one size fits all either. Anyone who promises these is either lying or peddling an illegal plan.

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