When your credit is poor, it can be tempting to look for a quick fix. And if you pop on over to Google, you’ll find no shortage of services promising to goose your credit report, boost your score, and make you look like a better borrowing candidate (for a fee, of course).
Experts beg to differ. At best, so-called “credit repair” services will lighten your wallet to the tune of hundreds — if not thousands — of dollars, performing due diligence you can easily do yourself for free. At worst, they’ll carry out activities that are unethical or even illegal. If their tricks are discovered, those black marks will go right back on your credit report — and don’t even think about trying to get your money back.
“There are all kinds of services out there that claim to have ways to get negative information removed,” says Andrew Pizor, an attorney at the National Consumer Law Center. But the only legitimate “fixes” credit repair services can actually make — correcting errors on your report