If you're interested in repairing your credit then you need to start by examining your personal credit file held by each of the major credit reporting bureaus (TransUnion, Equifax and Experian). Then, identify any accounts that contain information that could be considered adverse.
Don't be fooled by credit repair services that contact you with hard-sell tactics, unbelievable promises and outlandish fees. There are several big-time scams underway in the United States fooling consumers into paying big bucks to have their credit report cleared. Be wary of credit repair services claiming that they are "in" with the credit bureaus, have some sort of special arrangement or know a secret tactic to make credit reporting agencies delete bad credit reports from your file.
There is no such thing as an 'in" with the credit bureaus, they have rules and regulations that they follow to the letter, no matter what credit repair service you represent. The credit bureau may temporarily remove the debt in question from your file and place it on the disputed list, but when the bogus credit repair service doesn't follow up with the proper procedures, the debt will return onto your credit report. This temporary deletion from your file is the so-called 'clean credit report' the credit repair service is promising.
Credit Repair involves you getting detailed information and step by step solutions that will include the three separate databases: TransUnion, Experian and Equifax. Be sure to find out what the laws are concerning credit repair agencies. You need to know just what they are required to disclose to you, etc.
The third scam to look out for is for a price, the credit repair service promises to get you a whole new, clean credit file. The credit service tells you to apply for a new taxpayer id or Employer Identification Number, also known as a EIN, to build a new credit report. This is a felony and could land you and the credit repair service into serious trouble. The reason unsuspecting consumers get taken by this scam is because the credit repair service does not fully explain what they are being asked to do. In most cases they don't even realize that this is not a legal solution to their credit repair problems. Be leery if any credit repair service promises you a new credit file or fresh credit history.
Hiring a credit repair attorney won't expedite the time it takes for disputes to be resolved, but it will give you more options to repair your credit. Using other legal avenues some attorneys will go directly after creditors, collection agencies and the credit bureaus. It provides more fire power for your credit repair campaign, and can yield faster results then attempting to do it on your own.
Don't be fooled by credit repair services that contact you with hard-sell tactics, unbelievable promises and outlandish fees. There are several big-time scams underway in the United States fooling consumers into paying big bucks to have their credit report cleared. Be wary of credit repair services claiming that they are "in" with the credit bureaus, have some sort of special arrangement or know a secret tactic to make credit reporting agencies delete bad credit reports from your file.
There is no such thing as an 'in" with the credit bureaus, they have rules and regulations that they follow to the letter, no matter what credit repair service you represent. The credit bureau may temporarily remove the debt in question from your file and place it on the disputed list, but when the bogus credit repair service doesn't follow up with the proper procedures, the debt will return onto your credit report. This temporary deletion from your file is the so-called 'clean credit report' the credit repair service is promising.
Credit Repair involves you getting detailed information and step by step solutions that will include the three separate databases: TransUnion, Experian and Equifax. Be sure to find out what the laws are concerning credit repair agencies. You need to know just what they are required to disclose to you, etc.
The third scam to look out for is for a price, the credit repair service promises to get you a whole new, clean credit file. The credit service tells you to apply for a new taxpayer id or Employer Identification Number, also known as a EIN, to build a new credit report. This is a felony and could land you and the credit repair service into serious trouble. The reason unsuspecting consumers get taken by this scam is because the credit repair service does not fully explain what they are being asked to do. In most cases they don't even realize that this is not a legal solution to their credit repair problems. Be leery if any credit repair service promises you a new credit file or fresh credit history.
Hiring a credit repair attorney won't expedite the time it takes for disputes to be resolved, but it will give you more options to repair your credit. Using other legal avenues some attorneys will go directly after creditors, collection agencies and the credit bureaus. It provides more fire power for your credit repair campaign, and can yield faster results then attempting to do it on your own.
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Frank Miller has a Debt Consolidation Blog & Finance, these are some of the articles: Dealing With A Collection Agency Raleigh May Be Home To You have full permission to reprint this article provided this box is kept unchanged.