Another bogus “credit repairer” exposed !!! 6/7/2011

Credit repair scams

Time and time again we see the credit repair industry being polluted by individuals who claim they can make all of your bad credit problems go away. Although they disappear pretty quickly they also return, a bit like flies as the seasons change.

The latest one on the scene appears to be a mortgage broker who has decided to start fixing bad credit for people as an arm of their core business of broking. Not quite sure where they are because they don’t supply any business location details or landlines (no 1800 and 1300 numbers don’t cut the mustard as being a readily identifiable land lines as they can be moved or attached to new numbers anywhere).

What appeared? Well for starters their website appears to be poorly edited but that in itself does not make one guilty of being a fake, however you would expect your public business facade to be well presented and edited. What did however catch our attention was the claim of “no upfront fees”. Read on further down their home page just a few lines and the first selling point says “no upfront fees” and then the fourth point quotes “establishment fee includes….”.

So what’s going on here? Is it zero upfront fees or is there an establishment fee? It cannot be both !

Do they tell you that your call to them coupled with an assessment is free but when they start the job an establishment fee applies ? Please spare us the pain and don’t tell us this passes for “no upfront fees”. In English “no upfront fees” means nothing payable until job done – period.

What they are advertising practically constitutes a breach of the Trade Practices Act of misleading and deceptive conduct. It is after all a plain and simple misleading advert designed to rope you in.

But unfortunately there will always be crooks who will take advantage of your fragile circumstances so be very, very careful of who you employee to fix your credit file.

Solution: We are working on rounding these type of characters up and dumping them in the lap of regulatory authorities who have the power and jurisdiction to prosecute once enough evidence is gathered. The shonks cannot work out how it will happen, and you must be diligent when shopping around for credit repairers to fix your bad credit file.

No doubt we will receive emails from the culprits as we always do when one is exposed, but that’s all part of being transparent and identifying these crooks.

Good luck and beware!