Veracity Credit Repair Consultants (www.veracitycredit.com) was sued by the Colorado Attorney General as reported by Bizjournals.com yesterday.

The credit repair company is accused of charging upfront fees for its services, which is illegal according to laws that govern credit repair companies. They are also accused of failing to disclose the total amount the service would cost.

I spent some time on the Veracity website and learned that this is a company that does not employ attorneys to perform the services. In other words, as a client of Veracity you are not getting any professional legal help for your case. Yet, it charges its clients the same fees as credit repair law firms!

Which would you rather hire: A non-attorney credit repair company or a credit repair law firm with decades of experience for the same price!?

The lawsuit against Veracity is unfortunate because it is another blemish against the credit repair industry. It means that legitimate credit repair law firms have to work that much harder to prove they are not a credit repair scam.

For details on how to choose a legitimate credit repair service, check out this article on how to avoid credit repair scams.

Tags: credit repair scam, veracity credit repair

This entry was posted on Tuesday, February 23rd, 2010 at 11:34 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.