It's good to take a couple of seconds to discuss credit repair and why it's made such a bad reputation for itself over the years. The actual act of credit repair isn't shady at all, it's the calculated, deceptive people that turn it into a chance to take advantage of unsuspecting people that are already down on their luck and desperate.
Scrupulous credit repair companies are drawing their rules from government laws and there is absolutely nothing shady about the federal laws. The federal laws I'm discussing here are the Fair Debt Collections Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). This is where credit repair originated from and this is where credit repair was designed to be. You've now got every Tom, Dick and Harry running around guaranteeing consumers 24 hour or 30 day credit restoration for 100's of dollars beforehand (which is highly illegal), all the while doing absolutely NOTHING to help fix their credit. Picture the most obnoxious used car sales guy you have ever met and times it by 10,000. There is nothing more disturbing than the usual boiler room packed with high school dropouts exploiting innocent consumers and claiming they do the most excellent credit repair. Don't let them discourage you from true credit repair as outlined by the law and the repair agencies that stay true to these laws and can get the best results.
A last thing you have remember is that credit repair and the elimination of items from your credit report is not the end all fix. It's just the beginning to get where you want to go. In other words there are more steps involved with bringing your credit score back up to where you want it. For example, you have to pay back the debt you truly owe, keep the balances on your credit cards low and most importantly, live within your financial means! Do what you can to clean up your report, but your score will go up a lot easier if you take these steps.
Research and find a credit repair agency that's doing credit repair the right way and get yourself back on track. If you want to do it by yourself that's fine too as there is nothing that a credit repair agency can do that you can't do for yourself if you have the time, so please don't fall victim to some phone agent that claims otherwise.
Credit repair will work, but like with any other industry there are predators out there who will lie, cheat and steal for their own personal gain! Please don't forget this and thank you for listening and good luck on fixing your credit.
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