Continuing on with our series of common credit repair myths:

Myth #3 – Credit Repair Doesn’t Actually Work

When you speak with credit grantors, collection agencies, or credit bureaus, their typically under-educated staff may tell you all manner of pseudo-legal nonsense, like all credit items must appear on your report for seven years. The truth is that negative listings cannot appear on your credit report for longer than seven years (10 years for bankruptcies), but the credit grantor or the credit bureau can choose to delete the negative credit listing whenever they see fit.

The bureaus boldly deny that information can be removed from a credit report, when the truth is that it happens thousands of times a day. Don’t believe the hype!

Continuing on with our series of common credit repair myths:

Myth #2 – I Can Easily Fix My Own Credit

The is the biggest myth about credit repair. Credit bureaus want you to believe this because they know you cannot achieve the same results alone as you can with professional ore experienced  guidance. This benefits them, but can only hurt you. They will even give you forms and web pages to use, but rest assured, these are deliberately designed to be ineffective, because they don’t want you to repair your credit.

Disputing the credit report is easy. Getting results (and actually repairing bad credit) can be difficult, complex, and infuriating. The truth is, you CAN attempt credit repair without experienced help. You can also perform surgery on yourself, although it probably wouldn’t be wise. It’s also not wise to attempt to correct your own credit report without the proper information and guidance.

Why go it alone, when for less than a hundred bucks you can benefit from the best credit repair program in the country? Go to www.CrushingTheCreditBureaus.com to learn more, including FREE tips on how to repair credit report fast and improve your credit scores!

Mark

It seems every day that the question about credit repair and the myths surrounding it comes up in conversations I have with friends, family and colleauges.

I have decided to answer the 10 most popular myths here on this blog.

Myth #1 – Credit Repair Isn’t Legal

Not only is credit repair  legal, you are guaranteed these rights by the Federal Fair Credit Reporting Act. The credit bureaus try their best to undermine the process, but it was their misdeeds that caused the law to be passed in the first place. The Fair Credit Reporting Act is your defense against them.

The Federal Trade Commission receives more complaints against credit bureaus than any other type of business. If you call the FTC today to report a complaint about the credit bureaus, their phone mail system will ask you to press one if your complaint is about the credit bureaus, and press another number if your complaint is about anything else. Clearly, this situation evolved out of deep consumer frustration with the uncooperative nature of the credit repair process.

Not surprisingly, the credit bureaus have declared war against companies that help people repair their credit. The bureaus criticize these companies in the media and send anti-credit repair literature to anyone who they suspect is getting help.

Remember, the credit bureaus are primarily interested in protecting their profits. Investigating your challenge consumes these profits. The credit bureaus do everything in their power to discourage consumers from making progress with their credit repair and improve credit score , so you need to do whatever you can to protect your interests.

Until Next Time

Mark