Back
Credit repair scams and co-signing
Using credit without getting trapped · Lesson 21 of 22 · 3 min
No company can remove accurate information from your report. Charging before delivering results is illegal, and promises of a 'new credit identity' are fraud. Everything they charge for, you can do free.
For real help, nonprofit credit counseling through the NFCC is free or low cost and will not sell you anything.
Co-signing is not a favor with no cost: the whole loan is your debt if the other person stops paying, and it appears on your report either way. Only co-sign an amount you could pay yourself.
Takeaway
Never pay for credit repair. Only co-sign what you could pay in full yourself.
Next up: Where your score quietly matters