The Better Business Bureau recently published a study titled "Are They Credible?  A Study of the Credit Repair and Debt Settlement Industries, Complaints, Laws & Enforcement."  This comes as a response to what appears to be a doubling of complaints each year for the past several years about these companies that claim they can fix your bad credit score.  This guide could be extremely helpful if you overspent on Christmas this year.

BBB Investigator Bill Smith says fixing your score by going to one of these businesses is just not possible.

Smith comments

He says the study notes that credit repair involves an offer to erase negative information from a consumer’s credit report, while debt settlement is an effort to reduce a consumer’s debts or monthly payments through negotiations with the creditors.  You can find a link to the study at this story at

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