Many people find out too late - at the exact moment when they need to rely on their credit - that their score falls short of what a lender would like to see. And these are the times when you are most likely going to be contacted by a scammer who knows you will do anything to repair your credit score.
In one of the online scams often reported, someone claims they are able to sweet talk items out of your report. They may know people that work within the agencies, but no one is going to risk their job to erase things from your record just because someone asked them to do it for a stranger.
The only time anything can get fixed on a credit report is when something is verified to be incorrect. But those you can take care of yourself. All you have to do is report is and if it's determined that it truly is an error, it will get fixed. Companies that state this claim to you are more likely to take your money and run. No company should be paid until they have delivered the service they promise.
Some of these companies go as far as telling people they have ways to convince the bureaus that you are not responsible for a certain debt. Truth be truth, nobody can stop you from owing a debt. This company will probably just charge you and disappear, or they will make a half-hearted attempt to help you and then charge you before anything is resolved. There are only two instances in which a debt can be removed: it is too old to still be listed, or you can prove the debt doesn't belong to you.
Another common scam to look out for is companies that say they can change the whole credit file into one good clean one. Sorry, it won't really happen. Your credit report will remain unchanged, and every activity will be recorded on it. You can only clean your record by paying off debt and by keeping up with your bills in a timely fashion.
Some companies offer loans in conjunction with credit repair services. Don't let them fool you. A real company will only try to help you repair what you can and leave it at that. If you are in need of a loan, you should be the one seeking a lender. Stay away from the 900 number scams.
If a company tells you to call a 900 number to find more information on their services, then look elsewhere. The 900 numbers will charge you per minute for the phone call.
There are companies out there that will fix incorrect items on your credit reports, but it's best to try to fix those on your own. The only thing you need to do is to report the error by e-mail or letter, and if it is a mistake, you can rest assured that it will be investigated and removed.
In one of the online scams often reported, someone claims they are able to sweet talk items out of your report. They may know people that work within the agencies, but no one is going to risk their job to erase things from your record just because someone asked them to do it for a stranger.
The only time anything can get fixed on a credit report is when something is verified to be incorrect. But those you can take care of yourself. All you have to do is report is and if it's determined that it truly is an error, it will get fixed. Companies that state this claim to you are more likely to take your money and run. No company should be paid until they have delivered the service they promise.
Some of these companies go as far as telling people they have ways to convince the bureaus that you are not responsible for a certain debt. Truth be truth, nobody can stop you from owing a debt. This company will probably just charge you and disappear, or they will make a half-hearted attempt to help you and then charge you before anything is resolved. There are only two instances in which a debt can be removed: it is too old to still be listed, or you can prove the debt doesn't belong to you.
Another common scam to look out for is companies that say they can change the whole credit file into one good clean one. Sorry, it won't really happen. Your credit report will remain unchanged, and every activity will be recorded on it. You can only clean your record by paying off debt and by keeping up with your bills in a timely fashion.
Some companies offer loans in conjunction with credit repair services. Don't let them fool you. A real company will only try to help you repair what you can and leave it at that. If you are in need of a loan, you should be the one seeking a lender. Stay away from the 900 number scams.
If a company tells you to call a 900 number to find more information on their services, then look elsewhere. The 900 numbers will charge you per minute for the phone call.
There are companies out there that will fix incorrect items on your credit reports, but it's best to try to fix those on your own. The only thing you need to do is to report the error by e-mail or letter, and if it is a mistake, you can rest assured that it will be investigated and removed.
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