Credit Repair Scams Information Page
Welcome to Credlocity’s dedicated page on credit repair scams. Here, we provide essential information to help you identify, avoid, and report fraudulent credit repair practices. Empower yourself with the knowledge to protect your financial well-being.
Credit Repair Scams
Educate Yourself
Importance of Awareness:
Understanding credit repair scams is crucial in protecting your finances and avoiding fraudulent practices.
Credlocity’s Commitment:
We are dedicated to educating and protecting our clients from deceptive schemes.
What You’ll Learn:
This page offers educational materials, real scam stories, resources for reporting, and sample dispute letters.
SAMPLE LETTERS
Use the sample template letters below to dispute charges on your credit/debit card that were made by credit repair companies. Make sure they are only used in the event that nothing was done for you or you were charged up front for the services.
Credit Card Dispute Credit Repair Fraud Charge Template Letter
Debit Card Dispute Credit Repair Fraud Charge Template Letter
Avoid Credit Repair Scams
Educate yourself with comprehensive materials on how to recognize and avoid credit repair scams. The Table below breaks down the common credit repair red flags.
Upfront Fees:
Scammers often demand large upfront payments before providing any services. This is a red flag, as legitimate credit repair companies, like Credlocity, do not charge upfront fees.
How Credlocity is Different:
No Upfront Fees:
We never charge you before providing services.
No guarantees of removing negative items, but a 100% Money Back Guarantee if you're not satisfied.
Transparent Contracts:
Accessible at any time in your client portal
Educational Focus:
We prioritize informing our clients to avoid scams.
How to Protect Yourself:
Research and Verify:
Check the company's reputation and credentials.
Ask Questions:
Inquire about methods and timeframes for expected results.
Read the Fine Print:
Understand terms, services, and fees before signing any documents.
Resources for Reporting Scams
Find essential resources to report credit repair scams and protect others from falling victim to fraudulent practices.
Federal Trade Commission (FTC):
Website: ftc.gov/complaint
Description: File a complaint online with the FTC.