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Credit Repair Companies

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Bad Credit Loans for Bad Credit People, Credit Cards and Repair Services

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									                               Credit Repair Companies


                               How To Repair Your Credit


      Let's be direct, the financial landscape is littered with credit repair
companies making bold claims that they can improve your credit score and rebuild
your fico. Judgements, liens, bankruptcies, chex system inclusion, are all declared,
'no problem,' and that these companies provide guaranteed results to get your
reports cleaned with the three reporting bureaus.


      Sounds like an enticing pitch, especially when you are faced with a bad
credit history and have few financing options available to you when you need to
borrow.


     The first thing to note, is that any company or service that claims they can
provide instant results when undertaking to rebuild your credit is most undoubtedly
a scam. Unfortunately there do exist a variety of scam services in the market place
relating to credit so a dose of caution will pay off interest later. Legitimate and
legal credit repair requires time and effort. So how as a consumer can you
recognize a scam repair company and find a legitimate service for your credit?


                 How To Recognize A Scam Repairing Company


      Unfortunately there are a multitude of firms that target people with a bad
credit score with impossible promises to instantly clean up their credit report so

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that the banks will again consider lending to them in order to grow their business,
borrow to buy a car, or purchase a home. In many cases the very strategies that
these companies will employ on your behalf are illegal. You are on the hook
having paid the fees and costs of working with the company only to find yourself
in legal trouble with a report as bad as it was prior to your engaging the service!


Avoid any repair company that does any of the following practices:
            If the service advises you to dispute all the items within your credit
report regardless of their validity or accuracy.
            If the company asks you to pay up front for the work they are offering
to do. The Credit Repair Organizations Act states that companies in this industry
cannot require up front payment.
            If the company does not seem forthcoming with information about
your rights as a consumer or provide you with detailed information as to what will
be done on your behalf.
            If the company recommends you to create a new and separate
identification using an EIN or employee identification number for the sole purpose
of creating a fresh credit identity.
            If your agent is not forthcoming about what free options you have to
repair your credit score.
      These guidelines for selecting a credit repair company help you avoid a
service that is unethical to downright fraudulent. Remember that as a consumer
you are responsible for the actions that are done on your behalf by the company
you employ and be wary to avoid any activity that can be deemed fraudulent.



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                                Your Credit Repair Rights


      The best protection for a consumer is to know your rights pertaining to your
credit report. A legal and legitimate credit repair company is effective because they
have an expansive understanding of your rights and have experience in legal
methods of flexing them in your behalf. Regardless, knowing your rights arms you
in advance of working with a professional, empowering you to get the most for
your time and money.


      The first secret to credit repair is that there is no secret, anything a company
can do for you to clean your report and improve your score is typically available to
be done on your own for free or for a small charge. For example, you are entitled
to a free credit report provided annually from the three recording bureaus,
TransUnion, Equifax, and Experian. They are required by law to provide you a free
reporting annually upon request. You can call the reporting companies directly via
a toll-free number, 1-877-322-8228, you can mail them the Annual Credit Report
Request Form:
      Annual Credit Report Request Service
      P.O. Box 105281
      Atlanta, GA 30348-5281
      or simply visit their service website annualcreditreport.com in order to ask
for it directly. If you have already attained your credit report recently, you can
acquire an updated score report for a small cost. Additionally you can get
important forms for free from the ftc.gov/credit site online. Another option to

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consider, is that if you are turned down for credit from any bank or lending
institution, they are obligated to provide you your credit report they attained if you
ask for it.


     In addition to the free availability of your credit report, the entire process that
a legitimate credit repair company would begin on your behalf is available at low
cost if you are so inclined. Disputing credit report items in order to clean
negatively impacting items or innacuraccies can be done by you. A simple dispute
letter is easy enough, we even provide example dispute letters on this website for
free.


    Upon receipt of the credit dispute letter, the consumer reporting companies are
obligated by law to investigate and determine the accuracy of the disputed item
within 30 days. Typically they will attempt to contact the lender to verify the
accuracy of the debt and its payment details and make a determination about its
accuracy. This is the loophole many credit repair company scams attempt to
exploit in that if the matter is not investigated within the 30 day period, or a
determination can not be proven the item must be removed from your report,
effectively the consumer companies must rule in your favor.


              So Why Use A Professional Credit Repair Company At All?


   As you can see, the entire credit repair process is available for you to engage in
if you are so motivated to do so, so what is the benefit of using a company at all? It
boils down to time, organization, and experience. There are certainly benefits to

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hiring a credit company to help you fix your score. Beyond getting your annual
credit report for free, which is quite easy, the remainder of the repair process can
be frustrating and timely. The truth of the matter is, though you can do it yourself,
dealing with the bureaucracy of the consumer credit reporting agencies as well as
tracking down the information with your various banks, lenders and other financial
institutions to document your borrowing history can be a difficult process. How
you phrase your credit dispute letter, lack of accepted documentation, or in some
cases fraudulent collection agencies and lenders misrepresenting the truth can set
back your repair efforts by months.


      All information about the best professional credit repair companies
http://www.reallybadcreditoffers.com/repair-companies.html. The experience of
professional credit repair companies or credit law firm can be invaluable if you
need to clean your credit reports without unnecessary delay. Helping people fix
their reports of innacuraccies day in and day out gives them a confidence of
experience as to how to proceed through the process correctly, adeptly navigating
any pitfalls and ensuring that your report items are taken care of in a legal and
timely manner.


   Ultimately it is up to you to decide whether you would prefer to use a
professional credit repair company or would like to engage in a do-it-yourself
fashion.


      Whichever route you choose, the important factor is to take action to repair
your financial house and get back in the good graces with the banks and lenders

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that can empower you through borrowing to take advantage of opportunities when
they present themself.


       To continue reading the rest of the article and find out our
recommendations, please click here: http://www.reallybadcreditoffers.com




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