Question by Aline B: How can I pursue action against someone who stole money from me in exchange for “credit repair”?
Nearly a year ago I paid someone to repair my credit. She is licensed. I have a written contract. She has done nothing to help my credit and will not respond to email or telephone inquiries. How can I report her to state licensing agencies (Texas) and the credit bureaus?
Best answer:
Answer by My Take on It
This is the problem with those who claim (outrageously) that they can *repair your credit*. They won’t be able to remove anything derogatory that is there legally. It may come off for a month, while they investigate..but will go back on just as quick and stay there for the duration of the SOL. If you earned that bad mark, it is meant to be there for other creditors to see, so they can make an educated guess on whether you are a good risk for a loan.
If there is some sort of licensing board that oversees credit repair people, I guess you could complain to them. You could lodge a complaint with the BBB against her. Even if you tried to sue her in small claims, I highly doubt you would prevail.
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You contact your state’s attorney general and they will take care of it for you. Write them a letter of complaint (about that company) and include a copy of your contract and what she has done for you. I’m not sure what you mean when you say she has “done nothing to help your credit”. What exactly did you expect her to do? Did she not pay your bills for you? Did she run off with your money? If you are saying she paid your bills for you but that didn’t change your credit score then I would suggest that you not contact your state’s attorney general; I suspect you might be being ignored by her because you were merely unhappy and not that she didn’t do what she was supposed to do.
Many of these companies do not offer guarantees on their services as its almost impossible to guarantee that they will improve someone’s credit. Unfortunately paying someone for a service is taking a chance. You pay your barber for a haircut in hopes that he/she will provide you with a nice looking hair cut. You pay a lawn care service in hopes that they will improve your lawn care or take care of your lawn better than yourself. Unfortunately all service companies do not always provide the type of service you are looking for. If you can prove that the credit repair company did little to nothing to improve your credit you may have a case, but if they can show documented proof that they indeed did do what they were supposed to and it just simply did not help to improve your credit, you will have a tough time.
Also, a good resource is…
http://www.safelinked.info/jump.php?link=debt
Best of luck.