| Your credit score is in the sewer. You can't get a loan. | | | | altogether...or to change it's status to reflect more |
| You can't get a credit card. You can't get good | | | | positively on your credit worthiness. |
| insurance. Heck....for some of you, you can't even get a | | | | Are Credit Clinics, Attorneys or Services Worth |
| job if your score isn't up to snuff. | | | | Trying? |
| It's no surprise...that many people who are suffering | | | | No. There literally is NOTHING that a credit repair |
| from bad credit scores start to investigate credit repair | | | | company can do, that you can't do for yourself. It's an |
| options. There are clinics. Attorneys. Services. And if | | | | often repeated phrase....but it's very true. If you are |
| you look even closer, a whole set of LAWS that | | | | willing to learn the techniques that credit firms utilize, |
| oversees themes all. | | | | you can do the VERY same thing for yourself, that |
| So let's get down to the basics for a few minutes. | | | | they charge you to do for you. (and you can do it far |
| What IS credit repair anyway? What does it | | | | faster as well) |
| MEAN......and how is it done? (and at the end of the | | | | Is Credit Repair ILLEGAL? |
| day....is it even worth it at all?) | | | | Absolutely not. It's your right......and the law we spoke |
| Credit Repair Explained in a Paragraph or Less | | | | about above GIVES you the legal imperative to |
| There is a law. It is called the Fair Credit Reporting Act | | | | challenge ANYTHING that you don't believe is being |
| (FCRA) and is has been around for a LONG time. (the | | | | reported accurately. That said...certain shady, gray hat |
| law is actually recently revised and now has a new | | | | credit repair techniques CAN be illegal......especially those |
| name.....but we are going to use FCRA because that is | | | | that involve trying to trick the federal government into |
| what most people still refer to it as) This law | | | | giving you a new social security number, or ID to use |
| mandates that the credit bureaus keep very accurate | | | | for credit applications. (stay away) |
| records on your financial history. It also allocates a | | | | The Verdict? |
| very specific sequence of steps, solutions and | | | | I could write about this topic for hours and hours...and |
| remedies for what WE...as consumers, can do if we | | | | actually HAVE..:-) But legal credit repair techniques are |
| feel the information on our credit files are NOT correct. | | | | actually something that ANYONE with a bad credit |
| The process of credit repair, is basically that of | | | | score should learn how to do....and you DON'T need to |
| CHALLENGING or disputing negative information on | | | | pay an expensive lawyer or service to improve your |
| our reports, in an effort to either remove it | | | | score extremely fast! |