Missouri AG Sues Credit Solutions of America

June 10, 2009

By Mike Wayman

Credit repair companies don’t have the greatest image in the eyes of many consumers and governmental protection agencies. It isn’t necessarily because credit repair is a scam in general, but that a few rotten apples can really tarnish the image of the industry.

It surely doesn’t help when credit repair companies take in a bunch of fees and utterly fail to perform any of the services they promise to perform.

Choosing a credit repair company wisely is important especially in difficult economic times. Recently, the Missouri Attorney General sued Credit Solutions of America for failing to perform adequate services for their clients. The Missouri AG claims Credit Solutions of America took in a great amount of fees but never really did work on behalf of their clients.

From OzarksFirst.com:

The Texas-based company advertises to consumers it could get people out of credit-card debt and lower their monthly payments.

The Attorney General’s investigation found that the company took customers’ money, but did little or nothing to solve their debt problems.

Here’s some tips when considering a credit repair company:

Ask them to explain the entire process of repairing credit. Who will be handling your file? How will you receive updates and notifications on progress?

What is the timeline for the credit repair process?

Can the company provide you with testimonials or referrals from other clients?

Do they put their claims and guarantees in writing?

These are just a few of the strategies you can use when considering the right credit repair company to handle your case.