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Bogus credit repair

By
Mortgage and Lending with 1st Metropolitan Mortgage

In October the FTC issued this statement while in the process of closing 33 "credit repair" companies across the nation:   'Companies that promise they are able to scrub your credit reports of accurate, negative information for a fee are lying - plain and simple,'        The FTC also offered the following advisory:  

  • Avoid any company that wants you to pay for credit repair services before they provide any services. It is against the law.
  •       This is a hot topic. These companies generally add no value and they hurt your consumers and your reputation to boot. Do your due diligence prior to refering your precious clients.

    We Still have programs for low FICO scores!!