I want to take a few minutes to discuss credit repair and why it's made such a bad reputation for itself over the years. First of all the actual act of credit repair is not 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 is absolutely nothing shady about the federal laws. The laws I'm discussing here are the Fair Debt Collections Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). This is where credit repair originated from and this is where credit repair was designed to stay. Unfortunately you've now got every Tom, Dick and Harry running around guaranteeing consumers 24 hour or 30 day credit restoration for 100's of dollars beforehand (which is highly illegal), all the while doing absolutely NOTHING to help repair their credit. Just picture the most obnoxious used car salesman you have ever met and times it by 10,000. There is nothing more disturbing than the usual boiler room packed with high school dropouts exploiting innocent consumers and claiming excellent credit repair. Please don't let them discourage you from true credit repair as outlined by the federal laws and the repair agencies that stay true to these laws and can get results.
One last thing to remember is that credit repair and the removal of negative items from your credit report isn't the end all fix. In other words there are other steps involved in bringing your credit score back. For example, you need to pay back the debt you rightfully owe, keep the balances on your credit cards low and above all, live in your fiscal means!
Do your research 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 as 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 fall victim to a dirt bag phone agent that claims 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 is absolutely nothing shady about the federal laws. The laws I'm discussing here are the Fair Debt Collections Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). This is where credit repair originated from and this is where credit repair was designed to stay. Unfortunately you've now got every Tom, Dick and Harry running around guaranteeing consumers 24 hour or 30 day credit restoration for 100's of dollars beforehand (which is highly illegal), all the while doing absolutely NOTHING to help repair their credit. Just picture the most obnoxious used car salesman you have ever met and times it by 10,000. There is nothing more disturbing than the usual boiler room packed with high school dropouts exploiting innocent consumers and claiming excellent credit repair. Please don't let them discourage you from true credit repair as outlined by the federal laws and the repair agencies that stay true to these laws and can get results.
One last thing to remember is that credit repair and the removal of negative items from your credit report isn't the end all fix. In other words there are other steps involved in bringing your credit score back. For example, you need to pay back the debt you rightfully owe, keep the balances on your credit cards low and above all, live in your fiscal means!
Do your research 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 as 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 fall victim to a dirt bag phone agent that claims 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.
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