There is only one person who can improve your credit report and that’s you!
Fix your credit report! Erase negative comments! Rebuild new credit! You’ve heard the claims made by these companies but if they sound too good to be true there is a simple reason for that —— The claims are false!
The truth is that credit repair companies just don’t work. There is only one person who can improve your credit report and that’s you! If there’s an error on your credit-report prove to the credit bureau it’s an error and they will correct it. If you cannot prove to the Credit Bureau that it’s an error you have the right to place a 50 -100 word comment on the credit bureau report explaining your side of the story.
If there are negative comments on your credit bureau report and they are true, neither a credit repair company nor you will be able to remove them. Time however can improve your credit report if you get control of your debt and make your payments on time.
In the US, law enforcement agencies are cracking down on bogus credit repair scams that bilk thousands of gullible Americans each year.
“Credit repair schemes are a big problem for consumers,” Eileen Harrington, deputy director of the Federal Trade Commission’s bureau of consumer protection said in announcing the crackdown.
Credit repair companies charge hundreds of dollars in upfront fees promising consumers they can make their credit reports clean as a whistle. Problem is, they don’t deliver.
“The fact is, they can’t,” Harrington said. “No one can legally remove accurate and timely information from your credit report,” she said. The only way to legally improve a credit report is better manage debt, pay bills on time and make sure all the information on your report is accurate.
Officials say as many as 2 million American consumers are taken advantage of every year.
For more information please refer to this Kansas City Star article and this site on rebuilding your credit.
