Is It Worth the Effort to Fix Your Own Credit Reports?
Posted on January 22nd, 2010
As anyone who has looked into credit repair can tell you, you can work to repair your own credit reports. In fact, Dr. Randy Padawer, who co-wrote the best selling “FICO(R) 850” seminar for The Motley Fool and “Credit Revolution: Path of the Smart Consumer“, became a credit expert by becoming an uber-do-it-yourselfer when it comes to credit improvement.
You have likely also read that you are able to dispute the inaccurate negative listings recorded in your credit reports without having to pay anything. Equifax, Experian, and TransUnion even provide a form on their respective websites to make the process easy for you.
Some information that you likely will not come across as often is that repairing your credit reports is usually not as simple as it may seem at first . On its surface, fixing your credit sounds like a straightforward proceedure. You order a copy of your credit reports (free at www.annualcreditreport.com), find each of the questionable negative listings, formally dispute them with the credit bureaus, and wait for the bureaus to perform their investigations. Of cour
Tags: Credit Reports, Own Credit, Own Credit Reports, Reports
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Learning What’s In Your Credit Report the Hard Way
Posted on January 20th, 2010
Credit Tip! Creditors use your credit report and score to decide whether or not you should be given a loan.
The fact is, you never realize the importance of the information contained in your credit report until that information comes back to bite you. That is certainly true in my case, and I once watched the car loan I needed slip away, and with it my dream car, all because of a mistake in my credit report.
As a young person, I paid little heed to that mysterious thing known as a credit report. After all, I had always paid my bills on time, and I just assumed I had perfect credit. That is until I applied for a car loan – and was turned down cold. I could not imagine what the problem was, and I asked the loan officer at my bank for an explanation. He explained that my credit report showed negative entries and that was why they could not approve the loan.
Credit Tip! 1. Get copies of your credit report–then make sure the information is correct. G Read more…
Tags: Credit Report, Report
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4 Laws That Make Fixing Your Credit Possible
Posted on January 18th, 2010
Fortunately for today’s consumer, decades ago Congress realized the credit reporting system needed an overhaul. The practices of the credit bureaus and the creditors using the reports they provided were appalling. American consumers were being taken advantage of by a system they had no way of influencing and no way of keeping in check.
To counter this, Congress passed the Fair Credit Reporting Act which with its subsequent revisions has become the cornerstone of your consumer credit rights. It is because of this legislation that you have the right to see what is being reported on your credit files and to dispute any inaccurate negative items they contain.
In addition to the Fair Credit Reporting Act, there are a few other consumer protection acts that give you certain rights when you are working with the creditors and collections agencies who provide information to the credit reporting agencies. B
Tags: Credit, Credit Possible
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Credit Repair Scams and Legal Credit Repair Services
Posted on January 16th, 2010
The credit repair industry can be a scary place. With the abundance of news articles, television stories, and “expert” pieces cautioning against credit repair scams that get pushed out by well regarded media outlets, it can appear as if the best option is to avoid credit repair companies entirely – a course of action the news outlets seem to advocate.
There are dozens of articles detailing how to keep yourself from becoming the victim of a credit repair scam. Most talk about warning signs such as companies that charge large upfront fees, advocate creating a new credit report, don’t keep you informed of your right to repair you credit yourself, and generally make misleading or untruthful claims. At this point, however, very few articles mention that there are credit repair services like Lexington Law who do not participate in the fraudulent practices that typify a credit repair scam. In fact
Tags: Credit Repair Scams, Financial Help, Repair, Repair Scams
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Credit Score Repair Can Be a Reality
Posted on January 16th, 2010
Tip! Learn About Credit And .
For many people, a high credit score is just a dream. Past issues have left them with items on their credit reports that impact their overall credit score in a negative way. Some people are not aware of the possibility of credit score repair. Help is available.
The Attorneys Guide To Credit Repair.
There are so many things that can cause credit problems. Things as simple as late payments and as devastating as divorce, can lead to bad credit scores. Credit score repair specialists are familiar with all of these things. There is no need to be embarrassed. They have heard it all before.
Credit score repair strategy involves removing items from your credit reports that have a negative impact on your credit score. Information may be outdated, inaccurate or misleading. It is possible to dispute this information alone. But, it is time consuming, frustrating and sometimes ineffectual. Law firms that specialize in credit score repair have different techniques at their disposal.