What are credit repair agencies?
Credit repair agencies are businesses that promise to "clean up" or "fix" your credit report, usually for a large fee. This publication explains what credit repair agencies can and cannot do to help you, and what you can do if you have problems with them. It also tells you what you can do yourself, without hiring a credit repair agency.
Debt settlement companies are another type of business that may offer to help you fix your credit by getting you out of debt. But they also may charge very high fees while doing very little to fix your credit problems. There is more information about them in CLEO's resource, Credit counselling and debt settlement services.