A majority of people in the world experience bad credit at one point in their lifetime or another, whether it be due to overspending or from unavoidable large purchases that they are unable to immediately pay off. In the event that you are experiencing bad credit, you may seek the assistance of a credit repair company.
The real question is – do credit repair companies actually work? Depending on your financial situation, credit repair companies can work in many instances. Below are some examples.
Errors on Your Credit Report
One of the main ways that a credit repair company can help you is if you have legitimate errors on your credit report.
The main function of credit repair companies is to scan through your reports and to remove any issues that there may be with numerical values. Our credit repair company will verify your personal information to determine whether lenders made any mistakes when inputting your details. A large number of errors can actually be quite detrimental to your overall credit score, therefore you will want to ensure that all of your information is correct.
Another way that credit repair companies can assist you with your credit score is to remove any errors that cannot be verified. This small loophole is a great way to help improve your credit score.
As an example, if you have a negative value on your report from a lender that has since gone out of business, it would be impossible to verify the negative value as they wouldn’t be able to be reached. Therefore a credit repair company will remove this negative value from your report.
Negotiating on your Behalf
The majority of credit repair companies know the ins and outs of the credit industry and they are sufficiently equipped to negotiate with lenders on your behalf. This means that they may be able to abolish any debt that you have simply by discussing your situation with the companies that you may owe money to. It is important to note that some lenders do not cooperate with credit repair companies, but there is a high probability that they do in most cases.
Finding a Reliable Company
In order to experience all of the aforementioned benefits, you will need to find a reliable company to assist you with the restoration of your credit score. You will want to find a reliable credit repair company to boost your score, so that you are able to make large purchases such as a home or a vehicle. Truly Fair Credit Repair is the best credit repair company because we are the lowest risk provider. Not only do we PROVE our work, we also warranty that you will get your money’s worth.
Fixing YOUR credit: Knowledge and experience makes the right partner!
Ever since the Fair Credit Reporting Act made credit possible, creditors have been working to make it complicated and difficult to navigate. Fortunately, there are many rules in place to protect you from multi-billion dollar companies that benefit from your struggles.
Our Simple Stages
Stage 1: Obtain Credit Reports.
During enrollment, we will help you obtain your credit reports from the three major credit bureaus: TransUnion, Experian, and Equifax.
Stage 2: Analysis.
As soon as you enroll, our experienced credit repair specialists will review your credit report for what it is: A unique situation. No credit report is the same. So the course of action is determined by YOUR needs – by real people, not a software program.
Stage 3: Disputes.
Once we determine your best course of action, we begin the dispute process. We are going to dispute the bad credit on your file many times in many ways. We are going to attack the creditors with requests to verify the account and verify the payment history. We’ll even verify they have the legal right to collect on it.
We are also going to go after the credit bureaus themselves. Even a cursory review on the internet will turn up hundreds of report and accounts of Equifax, TransUnion, and Experian not living up to the standards set by federal laws for accurate reporting of credit data. We know the laws better than they do, and we hold them to their legal and logical standards. We also make sure they understand their penalties under the law.
Stage 4: Build a brighter future.
We don’t just dwell on the past. We are focused on the future. You hired us to get you GOOD CREDIT, not no credit. So it’s important to put some effort into starting the lifelong process of building new, positive credit. Most credit repair services only deals with the past. By working with you to get new and positive credit on your report we are moving you many steps closer to the car, home, job, or savings you want in the future.
Are you ready to get the process started? Take action today and GET STARTED WITH TRULY FAIR CREDIT REPAIR.
How does the best credit repair help fix my credit score?
We live in a society of, “if it’s in writing, it must be true.” This certainly applies to your credit score, as well. Lenders, insurance companies, and potential employers make quick judgments about you based on your credit score.
This score is a reflection of how you manage your finances and whether you pay your bills on time. Because of the importance of this number to lenders, you want your credit score to be the very best it can be. Your FICO® score uses a formula that takes into account several factors. Payment history makes up 35 percent, total debt you owe is 30 percent, the length of your credit history accounts for 15 percent, new credit is 10 percent, and the type of credit used accounts for 10 percent. You are given extra points based on good bill-paying practices and you have points taken away for paying bills late, using credit cards to their limit, and of course, major financial upsets such as bankruptcy and foreclosure.
Furthermore, recent derogatory credit will have a greater negative effect on your score than late payments that occurred many years ago, and the longer your payments are past due, the greater the negative effect on your score. For example, your score will not be as badly damaged with one payment that is 30 days late, compared to several payments that are 60 days or more late.
A major problem with credit reporting is that it is not unusual to find negative information on your credit reports that is inaccurate. This inaccurate information will lower your score, which in turn, can result in higher interest rates on new loans and higher premiums from insurance companies.
The good news is that you do have the ability to question any information on your credit reports that you feel may be inaccurate, untimely, misleading, incomplete, ambiguous, unverifiable, biased, or unclear. Removing this questionable negative information can add extra points to your credit score, putting you in a better negotiating position when seeking new loans. Ideally, you want your credit score to be 760 or higher to receive the best rates available.
Disputing the questionable negative information on your credit reports can be a time consuming and daunting task. Unless you are familiar with the process of how to correct errors and negative information, you may find yourself in over your head. By turning to the experts at Truly Fair Credit Repair, you will have the leading provider of credit correction services on your side. Over the past nine years, our lowest risk credit repair program has made the credit bureaus delete negative credit for over 90,000 clients.
Are you ready to get the process started? Start your new future today by enrolling with TRULY FAIR CREDIT REPAIR.
Hundreds of Thousands have fixed their credit scores
The credit reporting system is not perfect. Credit reporting errors, statistical assumptions, and obsolete data all contribute to a system that makes it look like responsible people who can be counted on to pay their bills are not worthy of credit.
If you are in a position where your credit score is making you look like a higher credit risk than you really are, you may be able to improve your credit score by fixing your credit. The Fair Credit Reporting Act gives you the right to dispute any items in your credit reports you feel may be inaccurate, untimely, misleading, biased, incomplete, or unverifiable (“questionable”). In essence, you have the right to dispute the questionable, negative items in your credit reports you feel are giving lenders an unfair impression of your creditworthiness.
You can work to repair your credit on your own or with the assistance of a professional credit firm like Truly Fair Credit. Over the last nine years, our program has helped over 90,000 people radically improve their credit score. We are the lowest risk credit repair source because we prove our work and give you a warranty. Most of our past happy customers will tell you that we really can help you increase your score well over 100 points very quickly.
Avoiding Credit Repair Scams
The Federal Trade Commission (FTC) is responsible for enforcing consumer protection laws in the United States. In its capacity, the FTC offers a number of suggestions and warnings to consumers regarding credit repair organizations.
Beware of credit repair firms the claim to ‘sweep’ your credit in an almost illogical amount of time.
Beware of credit repair services that request fees in advance. Truly Fair Credit only charges you as services are rendered.
Beware of credit repair services that don’t disclose your rights.
Beware of credit repair services that advocate “new” identities.
Beware of companies that imply FTC endorsement.
The internet and its many advertising forums have been offering a variety of services that claim to be able to remove all of your negative credit in as little as seven days. The most common term for this services seems to be a “credit sweep.” These companies either offer a system, or sell you a do-it-yourself kit, to “delete your credit in seven days,” which is a very attractive option. While this may be possible (I don’t like to say ‘never’), please ask several follow-up questions about how they do it. Most of these services that are offering the credit sweep programs are actually focusing their service on filing a police report to claim identity theft on your bad credit items. It is true that the credit bureaus must delete bad credit for identity theft victims.
However, you are walking into much, much,more dangerous ground than bad credit. Unless you are in fact a victim of identity theft as defined by the law, you are most likely committing a crime. In almost all jurisdictions, filing a false identity theft claim to do a credit sweep is FRAUD, and can possibly constitute a federal crime. Even if they actually send the letters. Hiring a company to ‘unknowingly’ commit fraud is still a crime. Ignorance is no excuse to the law, and there is no such thing as plausible deniability.
Consumers have the right to attempt credit repair on their own. Truly Fair Credit offers credit repair services to those clients who prefer having legal professionals help them manage their credit disputes and creditor interventions.
It is unlawful to create a “new” identity by applying for an Employer Identification Number (EIN) to replace one’s Social Security Number. File segregation is a serious crime that can result in fines or imprisonment.
The FTC does not endorse any business. If a credit repair organization implies FTC endorsement, you would do well to proceed with caution.