The FTC or Federal Trade Commission has been investigating consumer complaints of fraud and unfair business practices in the United States for more than 90 years. They also work on behalf of the consumer by gathering and publishing consumer information to help educate and inform them.

Many companies promise to help repair your credit, but are some of them actually making claims they can’t keep? Some state that they can repair your credit in a short period of time. These suggestions are actually illegal and the FTC says to be aware of these companies.

As with any company in business, you must use care in the claims you make. It is no different with credit repair agencies, as one company knows. Operating under the name of the national credit repair agency, the FTC slapped a charge of “engaging in fraudulent credit repair activities” against it in 2003.

The fraudulent claim to the consumer was that they had a very special software system that could remove any information from their credit report. Of course this sounded great to thousands of consumers, in fact 183,000 consumers spent $53 million dollars to take advantage of this credit repair system that the FTC proved was not available.

Most times the information on your credit report is accurate and verified by the credit bureau. But if you believe you have found information on your report to be inaccurate or unverifiable, than you have a right to dispute it. A credit repair agency should not suggest that a consumer dispute information that is accurate.

Credit bureaus know that they have thirty days to investigate the disputed information that you have.

Should you decide to get help from a credit repair specialist or agency, it is advisable to choose one that is associated with a law firm. A reputable company will know of many, legal methods that will help improve your credit score.

Some illegal methods include file segregation, making false statements on credit applications and using employer identification numbers. Run far away from any agency that would recommend any of these methods.

To make a complaint against an agency or company, make sure to visit the FTC website.

Of course the first course of action is to order your credit report. Under The Fair Credit Reporting Act, you are entitled to a free credit report from each of the top three credit bureaus Equifax, Experian and TransUnion every twelve months.

You can get your free report at annualcreditreport.com or call for it at 1-877-322-8228. Or write to Annual Credit Report Request Service, PO Box 105281, Atlanta, GA 30348-5281.

You will receive your report instantly if you order it online. It will take at least fifteen days or more if you order it by phone or mail.

Click the link titled: credit repairs right here: credit repairs to learn more.

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