| The United States has millions of people each year | | | | Here's an example. Let's say your credit report shows |
| that have to deal with the headaches of bad credit. So | | | | you have late payments on a particular credit card |
| believe me, you're not alone. People just like you are | | | | account of yours. Once you dispute the item with the |
| turned down for credit again and again. Even if you | | | | credit bureaus, if your creditor cannot provide evidence |
| have just one negative item on your credit file, getting it | | | | that the item is an accurate entry, it must be removed. |
| removed could save you thousands of dollars and | | | | Now here's the good news. If you dispute an accurate |
| plenty of grief. It could be the difference between | | | | item on your credit report and the creditor can't |
| getting approved for credit--or not. | | | | provide sufficient evidence for the entry, it also has to |
| So how do you quickly fix your bad credit? There are | | | | be removed. So there are cases whereby accurate |
| two acts that were created by the FTC that serve to | | | | items can be removed as well. |
| protect the consumer. They are called the FCRA (Fair | | | | Your next step is to select a reputable credit repair |
| Credit Reporting Act) and the FDCPA (Fair Debts | | | | company. But here's the sad part. Almost every credit |
| Collections Practices Act). These two acts are what | | | | repair company on and off the net charges as much |
| makes credit repair possible. | | | | as $500 or $600 (Some even over a $1,000) on |
| What these acts do is hold your creditors legally | | | | average to "attempt" to repair your credit simply by |
| responsible for recording accurately every item that's | | | | charging you monthly fees that add up month after |
| found on your credit report. The first step is to get a | | | | month. Sounds harsh, but it's reality. The truth is though |
| copy of your credit report for a $29 fee. Do a search | | | | that it's worth that, honestly it's worth twice that. |
| online to find out how to order it. Also keep in mind you | | | | Imagine every month paying $200 less on your car, or |
| can order your report free once a year. Then go | | | | on a new car. Or saving 6% on your next loan. What |
| down through your report and look for accurate or | | | | if your interest rate on your credit cards was 10% |
| erroneous items that should not be there. | | | | less...would it be worth $500 or $600 then? Of course |
| If you prefer, you can hire any legitimate credit repair | | | | it would. But repairing your credit is not rocket science. |
| company to do the same to save you time. They will | | | | So paying someone close to a thousand or more just |
| go through the negative items and work to get as | | | | doesn't make sense. |
| many of them legally removed as possible. Things that | | | | I have found one credit repair company that is very |
| can typically be removed are items like late payments, | | | | different, very affordable and will quickly fix your bad |
| outdated or inaccurate information, judgments, | | | | credit. They do all the work for you. They dispute all |
| collections, etc. | | | | three major bureaus (Transunion, Experian, and |
| The law states that any information on your credit | | | | Equifax also known as CSC ) for six months, at a |
| report that contains inaccurate or negative items must | | | | price you can afford, with award winning quality |
| be removed if the creditor cannot substantiate it with | | | | service. You can expect to see results within as little |
| proof of accuracy. A good credit repair company will | | | | as 45 to 60 days. In fact they are so confident in their |
| dispute any negative entries with the credit reporting | | | | results, they guarantee they will improve your score |
| agencies and have them removed. They'll demand | | | | otherwise they will refund you 100% AND they'll give |
| written confirmation of the deletion and then a copy will | | | | you $50 for wasting your time! |
| be sent to you as verification of the removal. | | | | |