What Are Credit Sweeps & Debt Settlement Risks?

Many companies out there promise quick fixes like “credit sweeps” or “debt settlement.” But these shortcuts often come with long-term consequences, and in some cases, legal danger. Let’s break down what these terms really mean and how to protect yourself.

Credit Sweeps: Too Good to Be True?

A credit sweep claims to erase negative items from your credit report fast — sometimes in days. But most of these services use questionable tactics like:

• Filing false identity theft claims
• Disputing everything at once with no proof
• Misusing fraud reports or legal loopholes

While some accounts may temporarily disappear, they usually come back — and you could be held legally responsible if false claims are filed on your behalf.

Debt Settlement: False Hope with Real Consequences

Some debt settlement companies tell customers to stop paying their creditors entirely. Their strategy is to make you look financially desperate — like you're headed toward bankruptcy — in hopes that creditors will settle for pennies on the dollar.

But here’s the truth:

• Creditors can still take legal action and sue you during this time
• Late payments and defaults will
• Your balances continue to grow with interest and penalties
• Debt settlement usually only works if accounts are already charged off or part of a bankruptcy case

This approach can leave you worse off, not better.

There Are Better, Legal Ways to Fix Your Credit

• Dispute inaccurate or unverifiable accounts with credit bureaus
• Request debt validation from collectors
• Use goodwill and settlement negotiations the right way
• Build your score with our 3-month credit boosting product

At Anthony & Beth’s Credit Services, we never risk your future to make a quick promise. We use proven, legal strategies to help you build better credit — the right way.

Need Help? We’re Ready When You Are.

If you’ve been approached by a credit sweep or debt settlement company, talk to us first. We’ll walk you through your real options and protect your financial future.

Call, message, or get started online. Honest help starts here.