Know how to spot a credit repair scam. Scott Delzer February 8, 2011 • 1 Minute Read Credit Basics Credit services may promise or guarantee instant credit repair but keep in mind, if it sounds too good to be true, it generally is. Repairing bad credit is never an instant process; these offers will generally end up costing you money with their hidden fees and potentially harming your credit even more. The best way to repair credit and build a solid financial foundation is by taking the following steps: Do the research. Pull your credit report every year and do a credit check. Do your homework. Understand your credit score and credit debt. Do follow through. Be responsible by staying on top of your bills and debts. Look to the FTC to provide additional information on credit repair scams. Follow Us Here! #CreditRepair Editorial Disclaimer: Information in these articles is brought to you by CreditSoup. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles. The information is accurate to the best of our knowledge when posted; however, all credit card information is presented without warranty. Please check the issuer’s website for the most current information.