MyMagicCredit.com ™ - 1-800-779-8086 - Credit Tips: Credit Repair Fraud

Testimonials

“I’m sure you hear this all the time but I couldn't stop singing songs of praise to the staff of MyMagicCredit.com ™. I got an updated copy of my Experian Credit Report today and I was so happy I started jumping up and down in the driveway.They deleted six out of nine negative entries — and in less than two months — now that’s what I call SERVICE. I can’t wait to see the negative entries fall off my other reports as well!

Cleo D., Georgia

Thanks for all your help. I appreciate all you have done to clear my credit. So much progress was made in such a short time. You were very professional and very helpful at all times. It was nice to get someone on the phone whenever I needed assistance. I will keep you in mind if I ever need anything else.”

Rick M., New York

Credit Tips: Credit Repair Fraud

Fraudulent credit repair companies have long been the target of FTC investigations, culminating most recently in Project Credit Despair which snared 20 credit repair companies in February 2006.

The Federal Trade Commission (FTC) is responsible for enforcing consumer protection laws in the United States. In its capacity, the FTC offers a number of suggestions and warnings to consumers regarding credit repair organizations.

Beware of credit repair services that request fees in advance

MyMagicCredit.com ™ does not charge you in advance for any legal services. It charges you only after the initial setup, and the work from each month, have been performed.

Beware of credit repair services that don't disclose your rights

Consumers have the right to attempt credit repair on their own. Lexington offers its affordable legal services to those clients who prefer having legal professionals managing their credit disputes and creditor interventions.

Beware of credit repair services that advocate "new" identities

It is unlawful to create a "new" identity by applying for an Employer Identification Number (EIN) to replace one's Social Security Number. File segregation is a serious crime that can result in fines or imprisonment.

Beware of credit repair firms that misrepresent their expertise

Claims such as "25 years of experience" can be misleading. That number often represents the combined years of attorney experience, not the actual length of time that the firm has been practicing. By contrast, Lexington Law has been practicing credit report repair since 1991.

Beware of companies that imply FTC endorsement

The FTC does not endorse any business. If a credit repair organization implies FTC endorsement, you would do well to proceed with caution.

.