People looking to improve their credit score may be tempted to use a credit repair law firm who promise to do just that. There are many companies set up to act on an individual’s behalf in this respect and ‘ICR Services’ are just one example.
ICR Services (also known as ‘National Credit Repair Services’) are a company that offer credit repair services and are based in Livonia, Michigan.
Once an individual agrees to use ICR to act on their behalf to improve that person’s credit situation, however the company has a secondary objective to simply make money from new clients by them becoming part of a pyramid or MLM (multi-level-marketing) scheme. Once an order is made by an individual, that new client them self becomes an agent to sell the ‘service’ to others wishing to repair their credit. Whether or not any credit repair activity is actually conducted is not clear, however that benefit is used as a hook to gain more agents. Money is passed up the pyramid making money to those that referred new agents.
Quick research on the Internet results in less than favourable feedback from customers approaching ICR Services as the fact that the company sell themselves to improve a person’s credit score simply hides the fact that the real intention is to ‘hire’ new recruits in order for people to make money by using an up line business model. It is generally the top level tiers of these schemes that make considerable money, while 98% of the agents below are used as bait to attract new business.
If looking for a credit repair company it seems that ICR Services may not be suitable. For an MLM scheme they may be worth approaching, it depends on the users requirements.
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