We have all heard it said at one time or another, "Credit repair is a scam!" You have seen the negative news articles that state that you should stay away from all credit repair companies, and that there is nothing a credit repair company can do for you that you cannot do for yourself. The reality is that there are a number of

credit repair scams, and there are a lot of credit repair companies that are not scams, but are simply not doing a good job for their clients. There are some simple things for you to know that can allow you to make an educated decision about credit repair programs.


First of all, let's define what we mean by the word scam. I think that there is a tendency for people to label anything they are not 100% satisfied with, as a scam. This is not the correct use of the term. A scam is a deliberate and premeditated method of taking your money without delivering a stated product or service in the

manner advertised or promised. With that definition, I can tell you that as far as credit repair goes, most of what is being called a scam is really just a poorly designed or improperly managed business. Let me explain the credit repair business models as employed by nearly every credit repair company in existence, and I think you will see and understand why there is so much negativity surrounding credit repair.

Is Credit Repair Is A Scam?