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2 Legal Notice: This ebook is copyright protected. This is only for personal use. You cannot amend, distribute, sell, use, quote or paraphrase any part or the content within this ebook without the consent of the author or copyright owner. Legal action will be pursued if this is breached. Disclaimer Notice: Please note the information contained within this document is for Educational purposes only. Every attempt has been made to provide accurate, up to date and reliable complete information no warranties of any kind are expressed or implied. Readers acknowledge that the author is not engaging in rendering legal, financial or professional advice. By reading any document, the reader agrees that under no circumstances are we responsible for any losses, direct or indirect, which are incurred as a result of use of the information contained within this document, including but not limited to errors, omissions, or inaccuracies Credit Repair Sweep 2

3 How to detect a Credit Repair Scam Artist I m going to address the Elephant in the room and I m not holding back any punches on how to pick and choose a legitimate Credit Repair Company instead of wasting your time and money on a so- called Credit Repair Scam company or specialist. The Credit Repair industry has gotten a bad reputation over the past 10 or more years due to a lot of lies, deceit, and greed. So I m going to discuss the good, the bad, and the ugly of this industry so you as the consumer can make some better- informed decisions instead of wasting time and money. When I first started in this credit repair industry as a consumer I used Lexington Law (back in 2004) and they did a good job of taking off the few negative items I had on my credit report. But that was then and times have changed so the same methods are no longer as effective as they used to be. However, over the past 5 years the credit bureaus have been getting hammered by credit repair scammers that are inaccurately disputing accounts or most of these scammers don t send in any disputes at all which has given the industry a bad reputation. And that s the reason why I wrote this quick and short guide so it ll help you to minimize your risk when choosing a legitimate Credit Repair company. So here are the top 10 indicators of a Credit Repair Scam artist: 1) They don t accept payments via a credit/debit card or by check to a business account. 2) They don t have Before & After videos of there work. Pictures can be photoshopped. 3) They don t follow the policies of the FCRA (Fair Credit Reporting Act) 4) They don t have a legitimate company (Gmail or Yahoo s is not business it s personal) 5) There business is not listed under the Secretary of State in any state in this country Credit Repair Sweep 3

4 6) Beware of false promises (i.e. words like Guarantee is against the law) 7) Always ask what method are they using to dispute the negative items on your credit reports. 8) Bad reviews with no rebuttal online 9) They rarely answer the phone after they ve been paid but they were calling you back and answering the phone before you paid them. 10) They don t ask you the right questions about your credit. Now let s elaborate on each of the 10 examples listed above. 1. Accepting payments This is the most important advice to apply when seeking to hire a credit repair company and we can t stress this enough Never Pay for Credit Repair via Cash. My partners & I lost over 100k in money by trying out various so- called credit repair companies that did nothing but waste our time and money as we was sold on their false promises. I m talking from experience and I don t want you to make the same mistakes my partners & I made. This is the reason why we decided to create this short and informative guide so that you won t have to waste time money while going through trial and error. We noticed in most of those cases of us losing money that about 95% of time when we lost so much money we were paying by wire or cash for the credit repair services, which is why we didn t get any results. The credit repair scammers didn t have to fix our credit because there was no recourse or evidence that led to them receiving any money for the credit repair services we paid for. So by any means necessary, Do Not pay any type of Credit Repair company if they don t accept payments via credit/debit card or by check or you can consider that money as gone. Pay with cash at your own risk. And don t fall for the excuse Oh, credit repair companies cannot get a merchant account lie. The devil in the details is that they don t have a legitimate business to begin with so of course they wouldn t have a merchant account Credit Repair Sweep 4

5 2. They don t have Before & After videos with examples of their work In this day in age of the Internet most things should be more transparent in order to assure the potential consumer of what they can expect. As the saying goes, the proof is in the pudding but credit repair scammers are crafty at sending you photoshopped before and after credit reports, which you can pull up in a Google images search under various credit report keywords. So don t fall for the calm voice and warm personality over the phone always ask for examples of their work via video. Most of these credit repair scammers are excellent at telemarketing so they know how to pitch a product or service to anyone. Our Credit Repair Services are legit because for #1 you can t Photoshop a video (and we have the best before and after videos online Bar None) and #2 we are excellent at following up with each client before and after the payment is made by giving them a progress report every month. Rule of Thumb: Always choose policy over personality and you ll win every time. 3. Following the policies of the FCRA (Fair Credit Reporting Act) The Fair Credit Reporting Act is basically the law of the credit reporting industry and consumer credit so it s very important that you ask the person or company if they are utilizing legal and ethnical practices to dispute the negative accounts on your credit report or you the consumer could be in a lot of trouble. This is not something you should take lightly because we hear every week about someone s credit report being blocked all because some so- called credit repair company disputed the negative items inaccurately by using some shady practices. 4. They don t have a legitimate company If the credit repair company has a website (in which they should) then they should have an that s associated with the website s domain name especially if their in this for the long haul. Throw away phone numbers and s are a sure sign of a credit repair scammer who has no intentions on fixing your credit, but to run away with your money and shut down the website and after the excuses runs out Credit Repair Sweep 5

6 5. There business is not listed under the Secretary of State in any state in this country. Money is being exchanged so this is business, not personal. However, wasting money can affect the consumer on a personal level so make sure to ask the person or company that s fixing your credit what state are they located in and look under the secretary of state in that state to see if they have an active business. 6. Beware of false promises Did you know that it s illegal for any credit repair company to guarantee or make promise to remove all of your negative debt? The scammers will tell you what you want to hear in order to get your money and it works most of the time. Especially if they charge you a low cost it s a dead give away when you couple that with their telemarketing/sales skill set. Credit repair is not a sprint, it s a marathon so don t go into this with the expectations that you will have all of your negative accounts removed within the time frame they told you. Even Lexington Law doesn t make promises or guarantees on what they can remove because it s against the law to state that. A legitimate credit repair company will do their best to remove the negative accounts within the time frame they stated but sometimes the process can take longer. Sometimes the process is beyond the control of the credit repair company, especially if someone else was disputing the negative accounts inaccurately before the second Credit Repair Company started working on your file because the bureaus keep a record of all disputes. So if the second Credit Repair person (or company) didn t know how the first Credit Repair Company disputed the negative accounts this could delay the process because after several inaccurate dispute attempts the bureaus will look at each dispute as frivolous at this point. It s best to wait a few months and go back at it again. At CreditRepairSweep.com, we treat each client s credit as if it was our own credit report and our own money that was spent. However, if every negative item is not removed in the time frame you was told or anticipated, that doesn t mean that the process was a failure. Nothing is 100% in any type of business, but if you paid much less than what you owed you can t be mad at the credit repair company, just be a little more patient so they can try to finish Credit Repair Sweep 6

7 the job. Because in reality negative accounts can stay on your report between 7-10 years and sometimes longer and it could be even worst if the debt is sold to a collection agency. 7. Always ask what method are they using to dispute the negative items on your credit reports. I know all of the credit repair scammers are going to hate us for this one but this is the second most important example out of all the 10 examples on this list. Why? Because we ve heard so many horror stories of people s credit reports being blocked by the bureaus and in most cases they don t know the severity of having a blocked credit report. So again, it s very important to ask the person that s working on your credit, how are they disputing the negative items on your credit report? They don t have to give you the tactics or details but they should have no problem telling you if they are using legal letters or utilizing some other method. And if the method they are using is not in compliance with the FCRA (Fair Credit Reporting Act), don t do business with them. 8. Bad reviews with no rebuttal online You can t please everybody but if the credit repair company did not remove one item within a time frame and they re not trying to issue you any type of refund it s a scam. It s very important to understand that if you or another credit repair company disputed the negative accounts inaccurately, that will make it much harder and take much longer to get those negative items removed because the credit bureaus keep a record of every dispute that s submitted to them. So if the current credit repair company didn t know how those negative items were disputed (i.e. which dispute reason), it could take longer then days to get some or all of your derogatory accounts removed. We mention to each of our clients that the minimum time frame to see some results (or to complete the process) will be between calendar days. Most reputable credit repair companies have bad reviews online with no rebuttal and that s a bad example if the company cannot follow- through with an answer or a solution Credit Repair Sweep 7

8 9. Poor Communication Poor communication is a sign of things to come in some cases. Make sure to ask enough questions in regards to what was promised by the credit repair company and get everything in writing (i.e. and/or agreement) before you pay them so that everything is documented. Now I m not saying for you to bug and harass the company because you are not the only client they have, but make sure to ask them what will they need from you in order expedite the process. Again, this is not a sprint, it s a marathon so please be patient but if you haven t seen any activity on your credit report within days, then call them up and ask them when will you start to see some results. 10. Asking the right questions Every Credit Repair Company or specialist should ask you some of the following questions: 1) When was the last time someone disputed items on your credit? 2) Have you disputed any items yourself? 3) How were the negative items disputed what reasons were used in the dispute(s)? 4) Are you in the process of moving within the next few months? 5) Are you receiving calls from collection agencies? The questions above will help the credit repair specialist to effectively go after the inaccurate negative accounts on your credit report. If someone was working on your credit by trying to get the negative accounts deleted, it s very important to know that the credit bureaus keep a record of every dispute that was submitted. In other words, if the first credit repair company sent in the wrong type of credit dispute that would delay the process for the second credit repair company you hired to dispute your negative accounts and the credit bureaus will view there disputes as frivolous. In this case, its best to wait a few months before disputing those same accounts Credit Repair Sweep 8

9 Final Words The purpose of the ebook is to help you to avoid the credit repair scammers so that you won t lose time and money. Of course you could fix your credit yourself but if you don t dispute the negative items accurately, it will become much harder to get those same negative items removed in the near future because the bureaus keep a record of each dispute. Think of it as quick sand the more you make the wrong moves, the harder it is come out of it. A solid and reputable Credit Repair company can be the branch you need that could pull you out of financial ruin. There are some good and decent credit repair companies online that can deliver some results but it s very important to know and understand that there is a difference between the companies that are out to get your money and the ones that really want to provide the best service possible. We understand that the credit repair scammers outweigh the legitimate credit repair companies by flooding Craigslist.org and Backpages.com everyday with false promises. And that s the reason why we created this quick and simple ebook that ll guide you into making a better- informed decision moving forward. Any credit repair company that Guarantee s results is lying to you because it is against the law to guarantee results. And that s why we have the before and after videos as examples of our work on our YouTube Channel, which can be viewed here: The bottom line is, getting your credit repaired should be one of the top priorities in your life because it has a direct impact on the necessities in your personal life. Without it you can t get a job, a car, a house, an apartment, or a loan. And if your credit is in poor or fair condition your interest rates will cost you thousands of dollars more during the course of the loan or mortgage and more than likely you will not be able to get a job or apartment. If anything else, it s always wise to have good or excellent credit just in case if you were to lose your job and you might have to get a loan to cover your monthly expenses Credit Repair Sweep 9

10 Never hire a credit repair company thinking that 100% of your negative items "must" be removed or you would need your money back. A good credit repair company that can delete 70%- 100% is a great credit repair company. Just look at it this way, for the amount of debt that was removed and the amount you paid for the credit repair service...would you be able to pay that same amount or less to get those same negative accounts removed off of your credit report? For example, if you paid a credit repair company $1,500 and the company removed $10k or more in debt, would you be able to have that amount of debt removed if you were to offer the collection agencies (or the original creditors) $1,500. It wouldn't happen. If you have any questions or concerns on how to repair your credit, you can send us an at: [email protected] Sign- up to our Newsletter at to receive an alert when our up- in- coming ebook Credit Repair on Steroids comes out. Much Success and Best of Luck on your Credit Repair endeavors! Justin Rapp Credit Repair Sweep 10