Credit repair is 100% completely legal if done the correct way. Consumers have the right to dispute incorrect and erroneous line items on their credit reports. It is also legal to hire a credit repair organization to dispute the accounts for, or on behalf of, the consumer, as long as the disputing and tactics follow the guidelines and laws declared in the Credit Repair Organizations Act. Other different laws such as the Fair Debt Collection Practices Act, the Fair Credit Billing Act, and the Truth in Lending Act also allow all consumers to dispute inaccurate information on their credit reports.
If you are planning on hiring a company, make sure the company is reputable, bonded, and licensed with the Secretary of State. You should typically be able to find this information on the company’s website. Never deal with any credit doctor agencies that recommend you obtain a new social security number, attempt to create a consumer credit profile under a EIN, or create fake credit profiles by intentionally reporting false data. This is considered highly illegal and/or unethical. If one is caught doing this, it can result in significant personal liability. Do your research on the company, and make wise decisions regarding your credit. If you elevate your credit, you will elevate your life!
[...] Ok…So I’m forced to write this based on a personal experience I had this morning. I received a call from a guy today that really angered me. Let me first that say that I rarely get angry. So I got angry and frankly the guy I was speaking to was surprised at my reaction. My anger #1 was based on disappointment at my other competitors and #2 the audacity they have in trying to charge outrageous fees to consumers for credit restoration or better known as credit repair. [...]