The TRUTH About Credit Repair...
Have you ever wondered what companies send you when they
claim you can erase bad credit overnight? How about those
ads that say you can get any major creditcard without a
deposit or a credit check? Ads abound almost everywhere
these days (online and off) selling books, systems and
secrets to help you fix your credit. Many of these
programs have claims which read like the covers of
supermarket tabloids:
"In 3hrs my credit score jumped from 580 to 676!"...
"Erase bad credit and smash your debts with just 2 Magic
Letters!".
Are these types of claims ALWAYS too good to be true? The
answer is "Yes and... no".
While many people would love for you to believe the only
thing that can fix bad credit is time; in reality...
nothing could be further from the truth. The fact is, time
is only one factor which can fix a credit report, but it's
a far cry from being the only factor. How can I back this
up? Easy.
Under a consumer protection law known as the Fair Credit
Reporting Act (a.k.a. the FCRA) the only negative
information which can remain on your credit report is not
what is accurate... but what can be proved as accurate
under the FCRA. What's this mean to you?
It means any negative item on your credit report can only
remain there if it is accurate and CAN BE PROVED AS SUCH
under the guidelines of the FCRA. This undisputable fact
presents consumers with both good news and bad news.
The good news is that through the FCRA 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.
The bad news is that 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. This is the bad news;
9 out of 10 courses on restoring your credit will do
nothing more than lead you into snake pits because they
will provide you with what the industry refers to as
"Boiler Plate" dispute letters. These are nothing more than
form letters and... quite frankly (more bad news) the
Credit Bureaus and Creditors will laugh at you if you try
to use them.
While I agree with the Federal Trade Commission (FTC) that
"Anything a Credit Repair Clinic can do for you legally,
you can do for yourself at little or not cost"... the key
element you need for success is the latest inside
techniques and procedures to get the results you want.
This involves strategies such as "Proof of Contract",
"Constructive Notice", "Challenge of Procedure" or
"Restrictive Endorsement" and many others.
All these terms may "sound" impressive but they are really
quite simple. In the end, it is nothing more than a method
of communication which exercises your consumer protection
rights, gets the results you want and raises your credit
score. Even more impressive, once you learn how simple it
can be by doing it for yourself, you will find there is a
fortune to be made doing it for others! Either way, it all
starts by requesting a free copy of your credit report here:
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The "CREDIT SECRETS BIBLE" has been in print since 1994 and
is published by Consumer Publishing Group. For more
information on the "CREDIT SECRETS BIBLE" you may visit:
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