Credit Repair Companies

A minimal amount of careful online research can help point you to top-notch
Credit Repair Companies. You can find ompanies that can improve your credit
online.  Credit repair is not a difficult process. You are making the right choice in
repairing your bad credit. The last thing you want is to have negative credit
hanging over your head.

Having bad credit can cause a lot of stress and grief. If you have been turned
down for a loan lately or denied some other type of credit, you might just be
realizing that you have a credit problem. Or perhaps you've known for a long time
that you need to repair your credit and you're looking for professional credit
repair help. Credit Repair Companies can help.

I've read that any person can dispute a credit report item. Why do I need a credit repair
company?
Disputing a credit report seems easy. Getting results is harder. The credit bureaus would rather have you
do it because history shows that most consumers will give up or not follow instructions properly. Some
consumers even confirm negative items. The reason to hire a professional is to put an experienced team
to work for you.

What if I pay off my past due and charge off accounts. Will it show "PAID" and no longer be
negative? 
Paying your debt is always a good idea. But, paying a debt only shows that it's paid. It does not improve
your history of bad debt. 

If you succeed in deleting negative items won't they just come right back on?
This is a myth spread by the credit bureaus. The law says if an item is not re-reported within 30 days of
being deleted it must remain off a report. However if the item is sold to a collection agency, they, as a
new creditor could put the item back on in the future. 

Are there negative items such as bankruptcies, foreclosures, and liens that are impossible to
remove?
Through the credit repair process a credit repair company can successfully remove any kind of item you
can think of. Every kind of negative listing can be repaired or removed from a credit report under the
right circumstances. Some items are more difficult to repair and may take a while to fix. Part of this
depends on the internal systems in use at each credit bureau. 

How long can a negative item remain on your report?
This issue has caused much confusion over the years. Almost every "expert" has an opinion on this issue.
The law states that an item can remain for 7 years after last date of report before removal.

If I decide to declare bankruptcy can't I restart my credit.
Yes, but it may take 7 to 10 years or longer. If you are discharged from a bankruptcy a credit repair
company can help you, but it usually takes about 10 to 12 months.

Can I file a 100 word statement on my credit report?
Absolutely but most creditors pay no attention to these statements. 

What about these ads I've seen that say they can get me a whole new credit file started
without any negatives showing?
These claims usually involve an illegal option or are scams that just rip you off. For example, they may
recommend that you get an employer identification number (EIN) to divert attention from your current
credit record. 

If I build enough good credit will it offset my bad credit?
Any bad credit is bad and will probably prevent you from building good credit or any credit at all. 

Is it legal to repair your credit and have items removed?
The Fair Credit Reporting Act of 1971 as updated in 1997 gave consumers the right to have an item
repaired or removed that was inaccurate, obsolete or unverifiable. 

Will consumer credit counseling repair my credit?
Most credit counseling services are affiliated with creditors. They usually work with you to pay off debt.
They have nothing to do with the credit bureaus 

How hard is it to repair my own credit?
Some people try to repair their own credit. But how long can you afford to wait for real progress?
Credit repair companies are professionals and can help you repair credit quickly and inexpensively. 

What do I do if the credit bureaus fail to remove bona fide mistakes? Do I have any legal
recourse?
Absolutely.  Bona fide mistakes come off rather easily, but on occasion require legal action on your part.
If that became necessary a credit repair company would point you in the right direction. 

How long do the credit bureaus have to respond to a dispute?
The Fair Credit Reporting Act states that credit bureaus have a reasonable time period to respond. This
is usually 30 to 40 calendar days 

What if one credit bureau repairs an item and another one does not?
Each credit bureau works independently. A credit repair company will continue to work on the bureau
that still carries the item. 

The Loan Guide provides access to free Credit Repair Companies information.