What Is Credit Repair?
March 30th, 2008 by adminWhat is credit repair - and how can it benefit you?
“Credit repair” is the process of improving your credit score, and removing damaging items from your credit report.
Many people today find themselves with overwhelmed by credit debt. It has been so easy to obtain credit - too easy, in fact. That is what has caused the credit crisis we are facing now.
You do not have to file bankruptcy or wait years and years to undo any damage to your credit. It is possible to see your credit score go up and your credit report become like new, with very little effort -if you know what to do.
Most people wait too long to save their credit. This is why understanding credit and credit-repair is so significant.
For many people, credit repair must be the first step that they take towards a better financial future.
1: Raising your credit score will save you thousands of dollars over your lifetime.
Want to know how you can give yourself a raise without talking to your boss or even increasing your actual paycheck amount? The answer is to fix your credit. A higher credit score can save you thousands of dollars.
Fixing your credit is perhaps the highest paid work you will ever do. Give yourself a raise. Improve your credit and become financially smart.
The TRUTH About Credit Repair
Have you ever wondered what companies send you when they claim you can erase your bad credit overnight? How about those ads that speak you can get any major credit card 100% Guaranteed regardless of your credit?
Ads abound nearly everywhere selling books, systems and secrets to help you fix your credit in a hurry. Many of these programs have claims which read like the covers of supermarket tabloids “In 3 hours my credit score jumped from 580 to 676!”: “Erase bad credit and smash your debts with just 2 Magic Letters!” “Create a completely new credit file in 24hrs!”
Are these types of claims ALWAYS too good to be true?
The answer is “Yes and: no.” Let me explain.
While many people would love for you to believe that the only thing that can fix bad credit is time - but that is a myth!
2: You do not always have to wait 7 or more years for negative items to disappear from your credit report!
Here is what credit agencies do not say you:
Under a consumer protection law known as the Fair Credit Reporting Act (the FCRA) the only negative information which can stay on your credit report is what can be PROVED to be accurate.
3: Even “accurate” items can be deleted from your credit report. That is what credit repair lawyers specialize in doing.
What does this mean to you? It means any negative item on your credit report can be challenged for its accuracy. When you challenge something on your credit report, the credit reporting agencies only have 30 days to verify its accuracy. If they do not verify it, then by law it must be removed from your credit report!
Because of the Fair Credit Reporting Act, your credit score can most likely be improved dramatically in a very short period of time with only a modest amount of effort on your part.
While the actual “work” will take very little of your time, it is vital that you have good information on “how” to go about it.
4: Most “credit repair” books give you the incorrect letters to use.
Most courses on restoring your credit will do nothing more than lead you into a snake pit. They only provide you with out-dated “Boiler Plate” credit dispute letters which are rarely effective. These are nothing more than form letters and: quite frankly the Credit Bureaus and Creditors will laugh at you if you try to use them.
5: Anything the credit repair lawyers can do for you, you can also do for yourself at no cost.
The Federal Trade Commission (FTC) states that “Anything a Credit Repair Clinic can do for you legally, you can do for yourself at little or no cost.”
However, it is significant to use up-to-date information to get results. These include closely guarded strategies used by credit repair law firms. You do not have to be a lawyer to use these - and they are really quite simple.
6: You really can raise your credit score by using the socalled “Magic Letters” when you know your rights.
it is all in knowing what letter to write, and when! Knowing your consumer rights - and sending the right letter at the right time - is more than enough to dramatically raise your credit score.
7: It is possible to create your living helping another people to repair their credit.
Once you see how simple it can be to repair your own credit, you will see that there is a fortune to be made doing it for anothers!
Credit Repair Now & Debt Settlement
Want to know how you can give yourself a raise without talking to your boss or even increasing your actual paycheck amount? The answer is to fix your credit. A higher credit score can save you thousands of dollars. Fixing your credit is perhaps the highest paid work you will ever do. Give yourself a raise. Improve your credit and become financially smart.
The Credit Repair & Debt Settlement Serving All 50 States:
Alaska, Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
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