Credit repair scams abound as more and more people who have taken on debt are desperate to find a way out. The scam is the same over and over again. These "companies" promise to erase your credit and help you start fresh, and all you have to do is pay them a fee. What ends up happening is that you're in a worse position than before once you start dealing with these scam artists, and you're out the money you pay them. Here's what to do if you've been the victim of credit repair scams.
Contact State Consumers Affairs
There are state laws to protect consumers against credit repair scams. Start by contacting your state's consumers affairs office about what happened. The office would be helpful in explaining your credit rights, as well as investigate your complaints against the individuals and companies involved. The agency might also refer you to the state attorney general.
Report Scam to the Attorney General
You don't have to go through the state consumers affairs office to report the scam to the attorney general. The office of the attorney general in your state also gets complaints of credit repair scams and is charged with enforcing the laws against those who are perpetrating those crimes. You can contact the office directly and request that they investigate and pursue the matter for you. It's within the discretion of the attorney general which individual cases to pursue, but if your case is chosen, you'll have a chance of recovering any money you paid as a result of the scam.
Avoid companies in the future that want you to pay them to manage your debt. These are most likely credit repair scams that will set you back, rather than help you become debt free.
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