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Some states also offer hotlines or mediation services to resolve disputes with businesses, including credit repair companies. ... can help you make informed decisions and avoid credit repair scams.
Credit repair is a $6.5 billion industry that's rife with fraud and scams. While credit repair companies often claim they can "erase" bad credit or boost your scores, claims like these are usually ...
The educational tools, financial resources and Better Business Bureau (BBB) Accreditation set it apart from similar debt relief companies. ... Debt relief and credit repair scam FAQs.
Since its launch in 2011, the CFPB has distributed more than $3.3 billion to consumers harmed by a range of illegal practices, such as student loan and mortgage relief scams and predatory lending.
Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 [1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.
Not all credit repair companies are bad. Some can actually help you build credit.
• Don't use internet search engines to find AOL contact info, as they may lead you to malicious websites and support scams. Always go directly to AOL Help Central for legitimate AOL customer support. • Never click suspicious-looking links. Hover over hyperlinks with your cursor to preview the destination URL.
Federal Trade Commission: Visit the FTC’s fraud reporting portal or call the Consumer Response Center at 1-877-FTC-HELP (382-4357) to report scams, fraud and other bad business practices. The ...