DIY Credit Repair Is Better Than a Credit Repair Company

By Jon Baker

Don't Fall For a Credit Repair Scam

You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get ads in the mail, and maybe even cold calls offering credit repair services. They always make the same claims:

"Credit Score Down? No problem!"

"We can delete all your bankruptcies, liens, judgments and repossessions from your credit file for ever!"

We can legally erase bad credit - 100% guaranteed.

We create a completely new credit file for you - 100 % legal.

It is not too good to believe these claims: they are very often signs of a scam. Some professionals even state they have never seen a legitimate credit repair company trying to make those claims. The fact is there is often not a quick fix for credit and creditworthiness. You can actually improve your credit report legitimately, but it takes some time, a conscious effort, and also sticking to a personal debt repayment plan.

Here are some hints that should trigger red flags as they show a Credit Repair Scam

All the time, companies target uninformed 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 cant deliver an improved credit report for you using the tactics they promote. No one can legally remove accurate, but negative information from your credit report. So after you hand them over thousands of dollars in fees, you are often left with the same credit report and someone else has your money.

If you encounter a credit repair offer, here is how to tell if the company or firm behind it is crap:

The service firm does not notify you of your rights and does not recommend that you do certain actions yourself to save money.

The company insists that you refrain from getting into communication with any of the three major national credit reporting companies directly yourself.

The firm suggests that you try to invent a new or false credit identity - and then get a new credit report - by applying for an Employer Identification Number to use instead of your Social Security number.

The organization wants you to pay for credit repair services before they provide you any services. Under what is called the the Credit Repair Organizations Act, companies that are offering to repair credit, cannot require you to hand over the money, until they have completely delivered the services they have advertised. - 21393

About the Author:

Why pay for Repairing Credit if you can do it yourself free. Legally Raise Credit Score 100 pts. in 30 days!