I want to take a couple of minutes to talk about credit repair and why it's developed a really bad reputation for itself over the years. First of all the actual act of credit repair isn't shady by any means, it's the calculated, underhanded predators that turn it into an opportunity to manipulate unsuspicious consumers that are already down on their luck and desperate for help.
Remember, scrupulous credit repair companies are drawing their rules from federal laws and there's absolutely nothing shady about the federal laws. The laws I'm referring to here are the Fair Debt Collections Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). This is the place credit repair originated from and this is where credit repair is built to stay. Unfortunately you've now got every Tom, Dick and Harry running around promising consumers 24 hour or 30 day credit improvement for 100's of dollars up front (which happens to be highly illegal), all the while doing absolutely NOTHING to help repair their credit. Just picture the most obnoxious used car salesman you've ever met and times it by 10,000. There is nothing more disturbing than the usual boiler room stuffed with high school dropouts taking advantage of innocent consumers and claiming high quality credit repair. Please don't let them deter you from true credit repair in line with the federal laws and the repair companies that stay true to these laws and can get results.
One last thing to remember is that credit repair and the elimination of negative items from your credit report is not the end all fix. In other words there are more steps involved with bringing your credit score back. For example, you have to pay back the debt you truly owe, keep the balances on your credit cards low and most importantly, live within your financial means!
Do your due diligence and find a credit repair agency that's doing repair the right way and get yourself back on track. If you want to do it yourself that's fine too because there is nothing that a credit repair agency can do that you can't do for yourself if you have the time, so please don't become a victim of a dirt bag phone agent that tells you otherwise. Check out MyCreditLocker for a better do it yourself credit repair strategy.
Credit repair will work, but like with every other industry there are low life predators out there that will lie, cheat and steal for their own personal gain! Please don't forget this and thank you for listening.
Remember, scrupulous credit repair companies are drawing their rules from federal laws and there's absolutely nothing shady about the federal laws. The laws I'm referring to here are the Fair Debt Collections Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). This is the place credit repair originated from and this is where credit repair is built to stay. Unfortunately you've now got every Tom, Dick and Harry running around promising consumers 24 hour or 30 day credit improvement for 100's of dollars up front (which happens to be highly illegal), all the while doing absolutely NOTHING to help repair their credit. Just picture the most obnoxious used car salesman you've ever met and times it by 10,000. There is nothing more disturbing than the usual boiler room stuffed with high school dropouts taking advantage of innocent consumers and claiming high quality credit repair. Please don't let them deter you from true credit repair in line with the federal laws and the repair companies that stay true to these laws and can get results.
One last thing to remember is that credit repair and the elimination of negative items from your credit report is not the end all fix. In other words there are more steps involved with bringing your credit score back. For example, you have to pay back the debt you truly owe, keep the balances on your credit cards low and most importantly, live within your financial means!
Do your due diligence and find a credit repair agency that's doing repair the right way and get yourself back on track. If you want to do it yourself that's fine too because there is nothing that a credit repair agency can do that you can't do for yourself if you have the time, so please don't become a victim of a dirt bag phone agent that tells you otherwise. Check out MyCreditLocker for a better do it yourself credit repair strategy.
Credit repair will work, but like with every other industry there are low life predators out there that will lie, cheat and steal for their own personal gain! Please don't forget this and thank you for listening.