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The Credit Repair Organizations Act (CROA) helps protect you from a credit repair scam while also allowing you to receive help with your credit repair efforts. Understanding the basics of CROA is a good starting point when shopping for a credit repair service. Related Article Tags: , , , , ,
If you have negative information in your credit file, as reflected by the Big Three reporting companies, Experian, Equifax, and TransUnion, proves to be accurate, there is little you can do about it. Only the passage of time will guarantee that information's ultimate removal from your file. The reporting companies will generally list negative credit information for seven years, and bankruptcy information will remain on your report for ten years. Related Article Tags: , , ,
The credit reporting agencies are required by federal law to remove inaccurate information from your credit reports free of charge. However, nowhere in the law does it say they have to make it easy for you. Because the credit reporting agencies can't charge you to remove inaccurate information from your credit reports, they make you jump through hoops... climb over walls... and inconvenience you in any way possible to accomplish this.
I want to explore the one of the most important action you can take to increase your credit scores: removing inaccurate negative information from your three credit reports. Related Article Tags: , , , , ,
The first step needed to overcome a bad credit is to snatch a copy and take a look into your own credit report because incorrect information on your credit report will only make matters worse if you already have a bad credit rating. According to the US Public Interest Research Group, one quarter of the credit reports ordered contained errors. You can order a copy of your credit from three credit reporting agencies - Experian, Trans Union and Equifax. Related Article Tags: , , ,
Everyone has read the negative news articles that state that you should stay away from all credit repair companies, and heard the words, "Credit repair is a scam!" and that there is nothing a credit repair company can do for you that you cannot do for yourself. The reality is that there are a number of credit repair scams, and there are a lot of credit repair companies that are not scams, but seriously underperform for their clients. Related Article Tags: , , , , , , , , ,
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