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	Credit Repair Credit Report Scam Special Offer: Credit Repair Kit. Fix your credit today!!!    Adverse Credit History Choosing the Right Credit Counselor How is the credit rating calculated? Credit Scoring and its Relation to the Lending Industry Sample Dispute Letter Credit Report Scam Steps towards Credit Repair Everyday, companies across the nation appeal to consumers with poor credit histories. They promise to clean up your credit report for a fee, so that you can get a car loan, a home mortgage, insurance, or even a job - all that you've been dreaming of, of late. The truth is, they simply can not deliver in spite of you paying them hundreds or thousands of dollars in fees; these companies are not able to do anything to improve your credit report and what these companies do usually is what they are best at - simply vanish with your money. Beware of Warning Signs In case you do decide to respond to a credit repair offer, be sure to watch out for these tell-tale signs of a possible scam: o Companies that recommend that you try to create a 'new' credit identity - and thereafter, a new credit report - by applying for an 'employer identification number' to be used instead of your social security number. o Companies that suggest that you should ideally not contact a credit reporting company directly. o Companies that require you to pay for credit repair services before they provide any services. o Companies that do not keep you informed of your legal rights and what you can do for yourself, for free. o Companies that advise you to dispute all information in your credit report or else encourage you to take any action that seems illegal, like creating a new credit identity. If you follow illegal advice and commit fraud, you too may be subject to prosecution and hence the need to be extremely wary of such frauds. You could be charged and prosecuted for committing mail or wire fraud if you are found to use the mail or telephone to apply for credit and provide false information. It is considered to be a federal crime to lie on a loan or credit application, to obtain an Employer Identification Number from the Internal Revenue Service using false pretenses, or to misrepresent your Social Security number in a totally different light. As per the Credit Repair Organizations Act, credit repair companies should not request you to pay until they have completed the services they have promised.