|
|
Welcome to Fixingupcredit.com, Free Online Guide to Repair Bad Credit or Improve a Credit Score, Need help in Credit Repair and your Credit Rating, Raise your Credit Score, Rebuild your Credit Score!
|
|
Uncovered: The Top 10 Ways To Repair Your Credit Score |
The Top 3 Things To Avoid With Credit Repair Companies |
How To Improve Your Credit Score By 50 Points In A Month |
Hot: How Long Will It Really Take To Repair Your Credit? |
|
Remember... If You Are Looking For Quality Information Related To Credit Repair, Add This Site To Your Favorites Right Now, As We Update It Daily With The Latest News And Information Related To Credit Repair And Similar Topics. Enjoy The Site.
Everything You Must Know About Credit Repair, credit restoration, Bad Credit Repair, credit repair guide, Credit Repair Service, Credit Repair Agency, Legal Credit Repair, free credit repair
Recommended Credit Repair Resources
|
Credit Secrets Bible
The Number 1 Credit Restoration Course In America.
|
|
The Attorney's Guide To Credit Repair
How To Repair Your Credit Report In 60 Days.
|
|
24 Hour Credit Fix
Improve Your Credit Score in 24 Hours
|
|
|
|
|
| Latest Related Articles
About Credit Repair |
|
7 Surefire Ways To Repair Bad Credit |
|
Do you have a poor credit rating? If so, you are one of tens of thousands of Americans with the same problem. In fact, it seems that this has become a national ‘disease.’ And just what do people need that have a disease? They need a cure. Here are... |
|
|
Choosing a Credit Repair Specialist |
|
You can improve your credit score. You can hire one of the credit repair companies to help you or you can do it yourself. There are legal techniques and there are illegal techniques. A reputable credit repair specialist will only offer to help... |
|
|
Credit Repair Myths Exposed |
|
If you've done any searching on the Internet for information pertaining to " Credit Repair ," you've no doubt found that there's a great deal available. Unfortunately, there's also a lot of misinformation as well. Let's take a look at some... |
|
|
| Looking For More Articles Related To Credit Repair? |
| |
Share &
Enjoy: |
|
|
Beware of Bogus Credit Repair Companies!
Author: Omar M. Omar
So-called "credit repair" companies claim they can remove negative information from credit reports. Advertising as "Credit Advisors," "Credit Rating Correction Services" or "Credit Consultants," they trumpet variations on this message: "Turned down because of bad credit? We can help!" Many of these companies charge hundreds if not thousands of dollars for the promise to "clean up" bad credit reports. But the truth is, these companies can only do what you could do yourself--at no charge.
Nobody can remove negative information that is accurate from your credit report. No company has a "secret" ability to remove all negative information.
But this doesn't stop their claims. This deceptive quote is from a credit repair company brochure: "Charged-off accounts, collection accounts, judgments, tax liens, repossessions, and even bankruptcies can be removed from your credit records in less than one year (five to seven month average)."
One tactic is to bombard credit reporting agencies with requests to verify information. If a credit reporting agency cannot verify an entry within 60 days, it will remove the information from the report. But if the information is later verified to be accurate, it will go back in the report.
Before you even consider signing a contract with a company that promises to repair your credit, remember these facts:
- You may obtain a copy of your credit report on your own.
- You have the right to dispute entries in your credit report.
Beware guaranteed credit offers!
Credit repair and other companies often claim they "guarantee" to get you a credit card, regardless of your credit history. In fact, these companies do not always honor their guarantee. Sometimes, they'll just take your money and run--you will not get any credit, regardless of what they promised.
If they get you a card at all it often will be a "secured" bank credit card, with high up-front "application" fees, that requires you to deposit and keep several hundred dollars in a savings account, or a card that only allows you to buy items in a catalogue from a business that you probably never heard of. (You can apply for a secured credit card by yourself. For a free list of banks that do not charge application fees for secured cards, see the information from Consumer Action in the "For More Information" section below.)
Credit repair companies often advertise on television, in newspapers and even on matchbooks. Sometimes they require consumers to dial a "900" telephone number to get more information. Calls to 900 numbers can cost $2 or $3 a minute, so listening to a few minutes of information about the cards can be expensive.
Some companies try to get people a credit card by having them apply using financial information of other people with good credit histories. It is a criminal act to apply for credit under someone else's name--do not do business with one of these companies.
Law enforcement agencies have shut down many credit repair outfits, but it is hard to stop a fraudulent credit repair outfit unless people complain about it. Therefore, be careful about responding to credit repair ads and be sure to complain to the agencies listed below if you think a credit repair company took advantage of you.
For more information
- The Federal Trade Commission (FTC) publishes information for consumers on the subject of credit and enforces federal laws on credit. For a list of free publications, write to the FTC's Public Reference Department at the address given below. While the FTC does not handle individual cases, it can act when it sees a pattern of possible law violations develop. Complaints about credit reporting agencies and credit repair scams must be in writing. Send them to: FTC Credit Practices Division, 6th St., N.W., Washington, DC 20580.
- Contact your local consumer protection agency or your state Attorney General's office. Many Attorneys General have toll-free consumer hotlines. These numbers may be listed in the "self-help" or government sections in the front of your phone book. These agencies can offer you advice and may also be able to help resolve your complaint.
- Consumer Action's free complaint/information switchboards offering non-legal consumer advice and referrals can be reached from 10 a.m. to 2 p.m. on weekdays. Chinese, English and Spanish are spoken. Call either (415) 777-9635 (San Francisco office) or (213) 624-8327 (Los Angeles office). Consumer Action has a free list of secured credit card banks that do not charge application fees. To receive a free copy, send a self-addressed stamped envelope to: Consumer Action Secured Credit Card Survey, 717 Market St., Suite 310, San Francisco, CA 94103. (Available in English only.)
- The Consumer Credit Counseling Service (CCCS) assists consumers who have problems in paying their bills--before their good credit ratings suffer. Your local CCCS office can help you work out flexible payment plans to make debt repayment more feasible. Call (800) 388-CCCS for an interactive recording that will provide you with the phone number of the office nearest to you. Spanish-speakers can call (800) 68-AYUDA (800-682-9832) between 8 a.m. and 7 p.m. central time.
- Before you sign a contract with any company, check it out with the local Better Business Bureau (BBB), a non-government service which advises consumers on fraud prevention. Call your local BBB. If you cannot find a local number listed in the phone directory, call the Council of Better Business Bureaus at (703) 276-0100 for a referral to the office nearest you.
© Copyright. http://www.deleteuglycredit.com
Omar M. Omar is the owner of http://www.deleteuglycredit.com. The website is dedicated to provide credit consumers with information about their credit right and how to dispute inaccurate information on their credit report. Omar M. Omar is also the author Of "The Credit Repair Bible" book.
You have permission to publish this article electronically or in print, in your Newsletter, on your website, or in your E-Book, as long as the author's Resource Box is included with the article.
omar@deleteuglycredit.com
Share &
Enjoy: |
|
|
|
A Quick Note
From The Publisher...
If you like the article above, you may be
interested in the following article which is also related to Credit Repair...
|
What to Watch Out for When Dealing With a Credit Repair Agency |
|
Before you deal with any credit repair agency you need to be aware of what they can and can't do. For starters, reputable credit repair agencies can save you the time and hassle of scouring your credit report for errors that may be lowering your credit score. The best agencies will sit down with you and verify any accurate negative information before taking action. Credit repair agencies can’t remove any negative information on your credit report that’s correct, regardless of any claims that may be made to the contrary. Agencies that knowingly dispute accurate negative information are just wasting your time. Through legislation enacted in the Fair Credit Reporting Act (FCRA), your creditors have 30 days to investigate any claim to determine whether the negative information being disputed is incorrect. Negative information may be temporarily removed from your credit report but will return if it is verified as true at any time, even after 30 days. In the meantime, the credit repair... |
|
|
|
|
|
|
Credit Repair, Credit Repair Services News |
|
|
|
|
Continue
Reading... 
