CREDIT REPAIR SCAM
From the fire into the frying pan
“Is your credit less than golden“
Who isn’t tempted by the notion of a fresh start? Certainly, the 68 million score-able Americans with a bad or poor credit score (lower than 601), have thought about it. In fact, it may seem like just the thing you need to get your credit back on track. But beware. That telephone call promising credit repair and or a new credit identity are fraudulent scams that can put you in some serious trouble.
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What you should know
The scam begins with a tempting offer to quickly and easily repair and improve your credit for a fee. Quick to ask for immediate payment prior to providing services, scammers make a point of mentioning all the great “things” you can buy with better credit (think of a new car, house or vacation). They will also promise a specific increase in your credit score or even guarantee the removal of negative credit information in your credit report.
Companies promising a “new credit identity” say they can help you hide bad credit history or bankruptcy for a fee. If you pay them, these companies will provide you with a nine-digit number that looks like a Social Security number. But BEWARE; this process is a scam and it’s illegal! It’s quite likely that they are selling stolen Social Security numbers, often those taken from children. By using a stolen number as your own, the con artists will have involved you in identity theft. Based on data and customer feedback, this scam is becoming more and more prevalent.
How YouMail can help stop credit repair scams today
YouMail is the leading solution for getting rid of robocalls and we are proud that our customers are protected from scammers, spammers, and other unwanted callers. Best of all, it’s a 100% free service available for everyone!
Typical credit repair scam voicemail left with YouMail customers
TRANSCRIPTION: Attention. You've been selected to take advantage of a little-known credit repair program designed to fix your credit. This credit repair program will help you get approved for that nicer house new car and better interest rates on your credit cards to take advantage of this little-known credit repair program. Press one. Again, please press one to speak to a specialist and fix your credit. To stop all calls from us please press nine now.
What you should do
The one who can fix your credit in the most effective way is you! If the company claims that can get rid of negative information in your credit report, walk away. No one can do this. Remember, no organization can remove negative credit information. It’s a false promise! So, be cautious.
Our best advice
Let calls from numbers you don’t recognize roll to voicemail. Voicemail is your greatest asset against fraud. YouMail identifies known scam callers. They will hear an “out of service” message and the scammers will take you off their list and move on. Find out more about the number. Check out YouMail’s online phone directory to see if that number has negative reports or belongs to a known scammer.