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Released: September 11, 2010
As credit scores fall, credit-repair scams flourish
Source: Kenneth R. Harney, Washington Post (Free Registration)
Recession-hammered homeowners’ credit scores are on the decline across the country, say scoring industry experts, and that makes more consumers vulnerable to scams that purport to erase delinquencies, judgments, foreclosures and other problems from files at the three national credit bureaus - Equifax, Experian and TransUnion.
What sort of scams? A Federal Trade Commission settlement in early September with a Florida “credit repair” company provides a fresh example.
Read Full Article: As credit scores fall, credit-repair scams flourish
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