Credit repair scams are frequent in the credit industry. The ability to spot such scams will assist you to repair your credit without getting ripped off. There are a bunch of people who are fascinated by the money that they can collect in an assumed effort to correct someone’s short-falls. They may appear to be your angel; however, they are just criminals in disguise.

Some of the claims made by credit repair experts may seem too good to be true, but they are not if the company goes by the rules and pays attention to the law. Let’s a take look at what can be done legally and what is promised but undelivered by credit repair scam artists.

What can be done by a credit repair expert concerning your credit report:

• Inaccurate reports can be removed
• Reports made in violation of consumer protection laws can be removed
• Old reports can be removed
• Some repossessions, foreclosures, bankruptcies, judgments, collection accounts, charge-offs, medical bills, credit card debt, inquiries, late payments, tax liens, and student loans can be removed

What cannot be removed :

• Accurate reports that are current and were made in timely manner
• Reports that were made by creditors that do not violate consumer protection laws
• Reports that are accurate and are within the timeline of being current
• Collection accounts that are unpaid
• Repossessions, foreclosures, bankruptcies, judgments, collection accounts, charge-offs, medical bills, credit card debt, inquiries, late payments, tax liens, and student loans that are not old, are unpaid, were reported in timely fashion and do not violate consumer protection laws

The main difference between a credit repair expert and credit repair scam is that the scamster offers to erase bad credit when in reality, legitimate bad credit that is current and was reported accurately and in line with the consumer protection laws cannot be erased. A credit repair expert pays attention to the laws, identifies inaccurate reports and has the knowledge and the fortitude to put the law in effect for the benefit of its clients.

In a credit repair scam, the representative will make promises that they can’t keep and then they won’t deliver. A legitimate credit repair expert will always offer a warranty. If your credit is not improved by the service, it should not cost you a dime. Don’t fall for a credit repair scam that promises that can erase bad credit and produce a fault-free credit report for you.

Laurence H. Michelson is the President of FiCODOC and a financial credit consultant. He is also the author of "Getting the White Picket Fence Without a Man." For more information please visit his web site http://www.ficodoc.com or call 1-877-899-2565