Can Credit Repair Companies be Trusted?
In this world where fraud seems like a second language on the internet, we sometimes find it hard to trust companies we want to deal with. When it comes to repairing your credit, we know we must be extremely careful about who we choose to help us along our way.
Many "credit repair" companies claim to remove negative credit with the flick of a wrist. Their advertisements make bold assertions and money-back guarantees: "Bankruptcy, tax liens, judgments... no problem!! One hundred percent guaranteed!! Credit report 100% cleared in 30 days!!" Can they really make such sweeping guarantees?
While some credit repair companies are outright frauds, others are not fraudulent and they use the dispute process to obtain ...
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Tags: Finance
Credit Repair Companies
Unfortunately, credit repair companies have a pretty bad reputation in the credit repair industry. In fact, the credit repair industry itself has a bad reputation. Many people don’t even really know what credit repair is. Is credit repair even possible? Is credit repair legal? Yes and yes.
The first thing you should know about credit repair is that everything a credit repair company can do for you legally, you can do for yourself at little or no cost. It should also be known that you can file bankruptcy yourself. You can also repair your own car, change your own oil, clean your own carpet and paint your own house. Are you starting to see my point?
While you ...
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Software And Tutorial To Self Credit Repair
We do at certain times, irrespective of how we try to settle our debts, found ourselves deeper into credit problem. Debt seems to be never ending and it rather easy to accumulate. It could appear to come out of nowhere if we are not careful with our budget and in no time we will be mired in financial worries.
Credit is part of the necessities of life even though it can be double edged sword. Without credit, only a few people can have the funds to pay for a house, vehicle or those big items in life. As long as we stick to servicing the loans, everything will be fine until debts mount up because we fail to ...
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6 Tips for Finding the Right Credit Repair Company
Choosing a credit repair company is a big decision. Choosing the wrong company could cost you hundreds or even thousands of dollars, and if they are not successful, you have delayed your goal of a good credit score by months or even years. And if that wasn’t enough, using a fraudulent credit repair service could even get you in legal trouble.
So to help you through this process and help keep you safe from getting taken advantage of, here is a guide to shopping for a credit repair service. Below are some tips you can use to make sure you end up choosing a legitimate credit repair company to help you work towards achieving your credit goals.
Know ...
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The Seven Deadly Credit Repair Sins
Credit Repair Sin #1: Sticking Your Head in the Sand
Have you been through a period of financial stress? Is your credit a mess? It can be difficult to look at the damage, but ignoring your credit report is the number-one worse thing you can do. Did you know that late payments, charge-offs, and collections are almost guaranteed to generate errors that will depress your credit scores even further? It’s ironic that shortcomings in the credit reporting system create a bias against the very consumers who can afford it the least. Fortunately there is good news. It is never too late to stand up for your rights. Take a deep breath and start your credit repair effort today....
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Why Fast Credit Repair Can Help You
Improve Yourself With Fast Credit Repair and Rebuild Your CreditFast credit repair is manageable but the unimaginable is not going to take place unless you choose to fix it. It actually depends on how bad your credit is or how far behind you are on you mortgage or possibly even struggling to make your credit card payments and it is drastically affecting your credit history. This is not to point out that if your credit is truly bad and it cannot be fixed because in that respect are plenty of services available you can employ to help one self. It will just take longer and bankruptcy can always be an option if you are in over ...
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5 Quick and Easy Steps to Do Credit Repair yourself
In this tough economy, when every dollar counts, it is crucial to learn how to do credit repair yourself. Each and every day, thousands of desperate people are needlessly running to credit repair agencies spending hundreds, even thousands of dollars trying to get their credit up to par.
But it really isn't that difficult at all to repair credit yourself if you know the basic things that most credit repair services would otherwise do for you for a fee.
If you aren't aware of those simple actions, here are 5 quick and easy steps to do credit repair yourself.
1. Access a copy of your credit report - you are entitled to a copy of your ...
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Tags: Finance
Free Credit Repair Advice – Find the Right Credit Repair Kit
Since the market for credit repair is so large, it is saturated with credit repair products, each of them claiming to be the best product available. Credit repair products can come in many forms including books, CD-ROM/DVD, or computer software, books being the most common form of credit repair product. These kits can be very helpful to those with poor credit scores. They helped individuals face bad credit scores and bad credit reports
John Ventura wrote a great book called “The Credit Repair Kit” that is widely read. If you search on the Amazon website, you will find the book for $15 if you buy it new or for $1 if you buy a used copy. This book has received ...
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Tags: Debt Consolidation, Finance
Credit Repair and the End of Authorized User Accounts
Common Practice
It is a common practice for parents to give a child a credit card. It’s good for emergencies and handy for everything from summer camp to college life. It is also common for one spouse to make the other spouse an additional card member.
A Little Software Bug
None of these practices are even slightly questionable. Additional card member accounts didn’t attract the attention of lenders or Fair Isaac Corporation, the creator of the credit-scoring model used by lenders when they make credit decisions, until they noticed an interesting bug in the credit-scoring model which was to spawn a questionable little sub-business in the credit repair industry.
A Cool Credit Repair Trick
It seems that as soon as the new account appeared on ...
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Credit Repair Shocking Insights
Credit Repair and Credit Scores
Credit repair is on everyone’s mind these days. And credit scores are for sale everywhere. There is only one problem. None of these advertised credit scores are the same as the credit scores that lenders use when making credit decisions. Whoa. That’s right. People spend huge amounts of money to buy credit scores which they mistakenly believe are relevant to their life. What the heck is the story? You want to know? Okay. I’ll tell you!
Lenders Use FICO Scores
Lenders use a type of credit score called the FICO score. FICO stands for Fair Isaac Corporation, the creator of this important score. The credit bureaus gather consumer credit data and run their data through the FICO credit ...
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