A HOAX? Have you found the advertisements about identity theft wrecking a person's credit? Certainly, the truth is that if it is the case with you, you can purchase a whole new social security number from the Social Security Administration. You could be sure the folks who make those commercials do not want you to know about that!

The following two quotes are from the Federal Trade Commission:
«Your credit repair: self help could be best banks for bad credit home loans; why not look here,.»
«Credit repair services happen to be a huge issue for consumers. Credit repair firms typically charge hundreds of dollars for the ongoing services of theirs, but do not deliver on their promises.
The Scam: Everyday, businesses nationwide, appeal to consumers with bad credit histories. They promise, for a fee, to straighten out your credit report so that you are able to purchase a car loan, a house mortgage, insurance, and on occasion even a job. The truth is, they cannot deliver. After you pay out them hundreds or thousands of dollars in costs, these companies do nothing to improve your credit report; most simply vanish with your money.»
End of Federal Trade Commission quotes.
You do not need to pay attorneys or firms to send out form letters every month that get limited results. Credit reporting bureaus recognize these form letters, and treat them appropriately. It's faster, cheaper, and better in case you will do the own credit repair of yours.
Below is a complete sophisticated strategy that anyone can use to repair their credit. It should be sufficient to for most credit repair situations.