Credit Marvel Warns Of Increase In Scam Credit Repair Companies After One Fraud Steals 5 Million Dollars
CreditMarvel.com has published advice on how to avoid scam credit repair companies after one man managed to steal over 300 identities and five million dollars from vulnerable people.
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San Francisco, CA -- October 20, 2015 (FPRC) -- Bad credit affects millions of people all over the world, and has created a legacy of trouble and problems for those struggling to relieve their debt. One of the most efficient ways individuals can recover their credit score is to enlist the services of a reputable credit repair company. Finding one is becoming increasingly difficult however, as Credit Marvel reports of an increase in scam companies looking to steal people's information and get them into even more debt through identity fraud.
The website has cited the latest high profile case in which one individual successfully managed to steal more than 300 identities, including those of children, to take out loans worth more than five million dollars, with the money disappearing and the individuals involved being burdened with the debt.
Credit Marvel has therefore created a new guide outlining the primary ways in which individuals can vet and identify fraudulent credit repair companies and report them to the authorities, as well as preventing themselves from falling into that trap.
A spokesperson for Credit Marvel explained, "We created this guide because we want our readers to be aware of the dangers as well as the opportunities when it comes to credit repair companies. Our website helps people identify reputable credit repair companies with competitive terms that we have individually reviewed and ranked according to how much they can help individuals in need. Cases like that of Donald Lonnell Batiste showed us that we also need to identify not only those doing a great job, but those planning to exploit vulnerable individuals. In this way our readership is as prepared as it can be for what's out there, and can make the right decisions first time."
About Credit Marvel
Credit Marvel helps those in debt make the credit repair decisions easy by helping them choose the right credit repair company for their needs. The company rates and reviews the best credit repair services using a 10-point ranking criteria, and presents their findings in an easy-to-understand format. They are an unbiased 3rd party, and their goal is to make choosing a credit repair company as easy as possible.
For more information please visit: http://www.creditmarvel.com
Send an email to Joe Bragg of Brandoutreach
(415) 632 1664
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