The Ripoff Alert is a new series appearing once each week on Fridays. It alerts you to the latest scams and ripoffs trying to get between you and your money, and gives you information you need to stay safe.
It seems like every time I watch late night TV, the ads for these outfits appear in droves.
You’ve heard the pitch: In exchange for a fee, they promise to remove the black marks from your credit report.
There are several variations: “We can raise your score 200 points in just weeks!” or “We can settle your credit card debt for pennies on the dollar!” There’s also the one about reducing the amount you owe to the IRS.
There are hundreds of organizations making promises like this, but they all have one thing in common: They’re just trying to rip you off.
The Federal Trade Commission is actively trying…
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