Credit ‘repairers’ could destroy your chances at a mortgage loan
A home to call your own — a dream that just about every American has. So, if you cannot qualify for a mortgage, it is painful. The problem is that people are today willing to do anything that will help them get that coveted loan. Targeting people who badly want a home is a growing industry of unscrupulous people who offer to ‘repair’ your credit scores for a fee. This controversial service has managed to transform a common white lie in the real-estate industry into a full-fledged business, and in the process, has worsened the situation for many people who are already deep in debt.
In Ohio, a growing number of people are turning to them and feeling ripped off. Complaints to the attorney general about credit-repair companies have been on the rise, records show.
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