Credit Repair: How to Help Yourself
You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail, and maybe even calls offering credit repair services. The Federal Trade Commission (FTC) says do yourself a favor and save some money, too. The fact is there's no quick fix for creditworthiness. You can improve your credit report legitimately, but it takes time, a conscious effort, and sticking to a personal debt repayment plan.
Recognizing a Credit Repair ScamEveryday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a car loan, a home mortgage, insurance, or even a job once they pay them a fee for the service. The truth is, these companies can't deliver an improved credit report for you using the tactics they promote. So after you pay them hundreds or thousands of dollars in fees, you're left with the same credit report and someone else has your money. Reporting Accurate Negative InformationWhen negative information in your report is accurate, only the passage of time can assure its removal. A consumer reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. Information about an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer. To calculate the seven-year reporting period, start from the date the event took place. There is no time limit on reporting information about criminal convictions.
For more information on Credit Repair and Helpful Links Please Register for our FREE Special Reports.
CONTACT US
HomeSeeker Center
Info@HomeSeekerCenter.com
425-931-4665
