Should you veto Credit Veto?

Because when it comes to credit repair — it is the ultimate DIY

Disclaimer: Opinions expressed are solely my own and do not necessarily express the views or opinions of my employer.

Credit repair organizations

The Better Business Bureau (BBB) asks on its website, “Who can you trust when searching for credit repair and debt relief services?” The answer is that it is not easy to find reputable firms. When worried about debt, people are often vulnerable to promises of fast solutions.

Credit repair organizations (CROs) can potentially help consumers identify and correct improper details on their credit reports. Some CROs are legitimate, but others exist solely to exploit the consumer’s naivete.

When searching for a CRO, the Consumer Financial Protection Bureau (CFPB), an independent agency of the United States government responsible for consumer protection in the financial sector, issued a consumer advisory in 2016 warning consumers not to be misled by companies offering paid credit repair services.

The problem of so many CROs engaging in illegal and unethical practices led Consumer Reports to advise “Do not use credit repair companies. They can be expensive, and you can correct errors on your credit report yourself for free. And some credit repair…