Are Credit Repair Advice Companies a Swindle?

If you have ever had bad credit you will know just how much it can affect you. It becomes a real pain trying to get any kind of credit, especially these days, and of course you start to worry if you will ever be able to get over the problem.

That's when you might start to take more notice of those ads you seem to see everywhere. You know the ones, the ones that promise to get bad information removed from your credit report. Some even offer to get bankruptcy notices taken off for you. credit repair advice

Now that would fix your problem wouldn't it?

If no one knows you have had credit problems, they can't hold it against you can they? And shoot, if these guys can get bankruptcies removed getting rid of a few late payments on your auto loan has got to be a cinch right? I'll just wait here until you come round enough to smell that coffee!

Let us take a look at the effect removing legitimate information from your credit file would do to the big 3 credit reporting agencies. Their records would become useless because no lender would know if they were accurate or not and their business would be worthless overnight. Do you think they might not do something to stop that happening? credit repair advice

The truth of the matter is that the only information that can be genuinely removed from your credit report is that which is incorrect.

Yes, you can find companies that can do that for you, but equally you can do it free of charge for yourself under the Fair Credit Reporting Act (FCRA). credit repair advice

All you need to do is find what is being said incorrectly in your credit report and file a dispute with both the credit bureau and the company who put the incorrect information on file. Under the FCRA, they are legally obliged to act on your dispute notice, and report back to you.

The first step you need to take is to get a copy of your credit report.
Source......
Link Building Service