Maybe you've heard the following claims? "We is able to repair the credit of yours in only 10 times - GUARANTEED!" "We is able to get rid of negative things from your credit file and change them with good ones!" "We can allow you to create a whole new identity with ideal bad credit loans guaranteed approval $5 000 (click to read)!"... If any of these claims sound too great to be true, that is because they are. Don't be scammed. If you commit fraud by following illegal advice, you could be subject to prosecution.

Major warning signs to search for from scam credit repair businesses are companies that:

- Claim they are capable to create a new identity, employer identification number, or perhaps social security number for you

- Claim you need paying them to dispute inaccurate components of your credit report (you can do this yourself for free)

- Suggest that you dispute ACCURATE things into your credit report

- Don't explain the legal rights of yours as well as personal responsibilities in terms of credit repair

- Don't offer you a definite credit repair contract that contains the services they will provide along with a total cost and completion date
- Expect you to pay costs in the beginning before completing any credit or counseling repair services.