Credit Repair Companies
Across the USA, there are hundreds of credit repair
companies. Most of these companies will claim that they can repair your credit in
record time. Beware of unreasonable and potentially illegal promises about amazingly fast
results. Read carefully for statements such as: "Your credit
repaired in 30 days!!!"
or "Guaranteed 100% success". These types of statements
are grossly misleading and, put simply, false. No reputable, legal credit
repair company will tell you that you can repair your bad credit
history in
30 days or less, or that success is guaranteed. There are several
steps required to repair a credit history, each of which takes time.
As well, accurate, negative statements on a credit report cannot be
fixed if they cannot be proven false. Every situation is different -
do not believe any claims of 100% success from any credit repair
company or organization.
Learn more about
legal credit repair.
2) Understand that no one can erase accurate information contained
on a credit report.
3) Know that a company must provide you with a written contract and
that you have 3 days to cancel.
The Credit Repair
Organizations Act (CROA) was implemented in an effort to outline
the regulations under which the credit repair industry must operate.
These regulations aim to protect consumers from unfair or deceptive
advertising and promises.
The question then is: who should you trust with your credit repair?
Although a search on the Internet may lead you to believe there are
hundreds of reputable choices, the fact is that there are only a
handful of genuine, legal credit repair companies out there.
The FTC (Federal Trade Commission) is aware of many credit scams
being perpetuated online and
continually posts 'credit repair company alerts and
warnings' for consumers on their website. Read these thoroughly if
you have been contacted by a credit repair company in order to ensure that
you are protecting yourself from any of the many scams that pervade
this industry on the Internet.
The
National Consumers League's Internet Fraud Watch provides some
helpful hints about avoiding illegal credit repair companies. They
include:
1) Exercise caution when approached by a credit repair company via
email.
This website aims to help consumers in their search and choice of
legal, reputable professional credit repair services.
We do so because we know that there are many bogus companies
advertising online. Look for credit repair companies that have been members of the Better Business Bureau for
many years and have a proven track record of customer satisfaction.
There are many credit repair companies in existence. Following the
advice offered on this website will help you know that your credit repair
needs are in the hands of a highly respected, legal credit repair companies
with a history of proven success.
Get a free online
credit repair consultation from professionals.
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Credit Repair Organizations Act
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