4 Red Flags Credit Repair Organizations Should Look Out For
What are some of the things credit repair organizations should be on the lookout? Score VP Ary Carmona shares four red flags to be aware of in the credit repair space:
- If an outsourcing company or third-party provider claims that over 90% of items got deleted within a 3-6 month period.
- Unless there’s real evidence, beware of the language used in the dispute process, such as “Does not belong to me” or “Pay as agreed.”
- If a company offers to sell seasoned tradelines, that is a no rule. Authorized users are a privilege under the credit card contract and it’s not to be sold.
- Rapid Rescore is only used by mortgage lenders to help people who want to get a mortgage.
The information here provided is meant for educational and informational purpose only, and it does not constitute or substitute legal advice. We recommend seeking legal advice.
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