NEW YORK – The warning issued by the Federal Trade Commission (FTC) about the risk related to scams that promise to help you repair your credit was a little late for Yenny Jorge.
The woman could not continue to pay the almost $ 600 installments of the new car that she had purchased financed.
“I lost my job, it makes my bill a bit high for me to pay for it being unemployed, I decided to return it, I bought another car with cash, that affected my credit,” explained Jorge, indicating that through social networks, he sought help from a person who offered to improve your credit score.
“I contacted him on Instagram, the person contacted me right away. I told him about my problem that I wanted to fix my credit and he told me that it was okay that he charged me $ 2,000, “added the woman.
More than 40 million people have lost their jobs due to the pandemic in the US.
This is prohibited under the FTC.
“If a company charges you before giving you any services, and you should know that this is illegal, it is against the law,” informed Rosario Méndez, an attorney for the FTC.
Jorge sent $ 1,000 and all of her personal documents, including her social security number, to the person who only contacted her through text messages. He never received a receipt, nor a contract on how his credit would be repaired.
“I don’t know how to tell you the truth how I was going to do it, but according to him he repaired my credit,” Jorge lamented.
If the negative information on your credit report is legitimate, it will only be removed over time.
“Repairing credit takes time, there is no one who can guarantee that you can fix your credit overnight,” stressed the FTC attorney.
No person who wants to improve their credit should pay such a high figure, because there are non-profit organizations that do this work for free.