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Home > Debt Articles > Credit Repair > New Jersey Says to Avoid Credit Repair Scams. Puts Out Interesting Video.

New Jersey Says to Avoid Credit Repair Scams. Puts Out Interesting Video.

The Garden State has launched a campaign to help warn consumers about credit repair scams. Theor campaing is replete with a credit repair brochure, video and radio ad.

I did laugh out loud at the video they put put below.

The guy in the video, who apparently overspends on his credit card to impress a woman, gets declined and rejected. His date never goes out with him again. I’m not sure if that’s a lesson in credit repair or more about how to get ‘lucky’ using credit.

[quicktime]http://getoutofdebt.org/wp-content/uploads/creditvideo.mov[/quicktime]

“Your credit history is critically important when financing a major purchase, obtaining a loan and even when applying for a job,” said Thomas R. Calcagni, Acting Director of the Division of Consumer Affairs. “Through this outreach campaign, we want consumers to learn that everything that a credit repair company will claim to do for you legally, you can do for yourself at little or no cost. We’ve seen these so-called credit repair companies scam consumers out of hundreds of dollars while essentially doing nothing and we want consumers to be alert to these frauds.”

The Division of Consumer Affairs outreach campaign is primarily funded by a grant from the Sears Consumer Protection and Education Fund.

The outreach campaign includes radio ads that began airing today and newspaper ads will appear this Sunday. Both the radio and print ads refer consumers to the Division’s web site, www.njconsumeraffairs.gov , where detailed information has been posted.

The posted information includes how to obtain a free annual credit report and how to notify the credit reporting companies of incorrect or missing information on your credit report.

“Consumers can report incorrect or missing information themselves, without the cost of hiring a company that promises to repair your credit,” Calcagni noted. “Be dubious of any company that claims it can erase bad credit information from your history.”

The Division of Consumer Affairs in October 2008 filed suit against a Lakewood-based credit repair and credit counseling firm, United Credit Adjusters, alleging that it failed to provide the promised services after clients made required payments in advance. The Division also alleged that contrary to the company’s representations and advertisements, consumers’ credit scores were not raised nor was negative information eliminated from credit reports.

The two officers of United Credit Adjusters were permanently barred from doing credit counseling, credit repair, debt adjuster and bankruptcy work in New Jersey, under the terms of the Final Consent Judgment entered in 2009.

“We will investigate any and all complaints about alleged fraud committed by companies that promise to repair consumers’ credit ratings,” Calcagni said.

New Jersey Says to Avoid Credit Repair Scams. Puts Out Interesting Video.
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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Rachel

    LOL, I saw that video the other day. I don’t know who produced it, but it’s so corny. My favorite was the girl living in her parent’s basement, though the dating one was pretty awesome.

    Honestly, I’m not a fan of their campaign. I work for My Credit Specialist, a legitimate credit repair company (no up-front costs, no outrageous promises, etc.), and it’s frustrating when people lump us in with the scam artists. I’m glad that they are educating people about what to avoid, but I feel like the campaign overall is unfair to companies like My Credit Specialist.

    If you want to see our response to the credit repair campaign, you can check it out at http://blog.mycreditspecialist

    Love the blog, keep up the good work!
    ~Rachel, PR/Media Manager at My Credit Specialist

  • Rachel

    LOL, I saw that video the other day. I don’t know who produced it, but it’s so corny. My favorite was the girl living in her parent’s basement, though the dating one was pretty awesome.

    Honestly, I’m not a fan of their campaign. I work for My Credit Specialist, a legitimate credit repair company (no up-front costs, no outrageous promises, etc.), and it’s frustrating when people lump us in with the scam artists. I’m glad that they are educating people about what to avoid, but I feel like the campaign overall is unfair to companies like My Credit Specialist.

    If you want to see our response to the credit repair campaign, you can check it out at http://blog.mycreditspecialist.com/2011/01/21/my-credit-specialist-responds-to-new-jersey-consumer-affairs-credit-repair-campaign/.

    Love the blog, keep up the good work!
    ~Rachel, PR/Media Manager at My Credit Specialist

    • Jamisonlawgroup

      Sure you can try to repair your credit on your own at little or no cost, you can also give yourself a root canal for free. Im so sick and tired of these warnings about credit repair.

    • Jamisonlawgroup

      Sure you can try to repair your credit on your own at little or no cost, you can also give yourself a root canal for free. Im so sick and tired of these warnings about credit repair.

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