‘Credit Washing’: How Some Credit-Repair Firms Inflate Credit Scores

For years, the Federal Trade Commission has tried to make it easier for identity-theft victims to file claims and fix their credit scores. But it may have inadvertently opened the door for fraudsters and unscrupulous credit-repair firms to file false identity-theft claims on behalf of unknowing consumers. WSJ reporter AnnaMaria Andriotis joins host Danny Lewis to discuss what this kind of “credit washing” means for you. 

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For years, the Federal Trade Commission has tried to make it easier for identity-theft victims to file claims and fix their credit scores. But it may have inadvertently opened the door for fraudsters and unscrupulous credit-repair firms to file false identity-theft claims on behalf of unknowing consumers. WSJ reporter AnnaMaria Andriotis joins host Danny Lewis to discuss what this kind of “credit washing” means for you. 

Learn more about your ad choices. Visit megaphone.fm/adchoices