In this world where fraud seems like a second language on
the internet, we sometimes find it hard to trust companies
we want to deal with. When it comes to repairing your
credit, we know we must be extremely careful about who we
choose to help us along our way.
Many "credit repair" companies claim to remove negative
credit with the flick of a wrist. Their advertisements make
bold assertions and money-back guarantees: "Bankruptcy, tax
liens, judgments... no problem!! One hundred percent
guaranteed!! Credit report 100% cleared in 30 days!!" Can
they really make such sweeping guarantees?
While some credit repair companies are outright frauds,
others are not fraudulent and they use the dispute process
to obtain impressive results. In fact, they delete
thousands of negative credit listings every day. There is a
company called, Lexington Law who has been doing it for 15
years.
Unfortunately, it is risky to trust anyone to help you
restore your credit. It is estimated that fraudulent credit
repair companies have bilked Americans out of more than
fifty million dollars. The majority of credit repair
companies were started by entrepreneurs with a penchant for
marketing. Consumers have flocked to these "credit doctors"
only to discover that their advertisements proved far more
impressive than their results. Hiring a credit repair
company is like playing Russian roulette. Many of them are
effective and legitimate, but it is difficult to tell a
rip-off from the real article.
So, can credit repair companies guarantee results?
Not a chance! No credit repair company is so good that it
can guarantee a specific outcome. It would be like a
defense lawyer guaranteeing that the jury will find his
client innocent. Guarantees are a sure sign of credit
repair fraud. A warranty, where the credit repair company
promises a refund if certain results don't occur, is a
better, more realistic claim. Lexington Law is a
respectable company that we recommend.
Not surprisingly, the credit bureaus have declared war
against the credit repair companies and those selling
instruction on how to do-it-yourself. The bureaus lambaste
credit repair companies in the media and send anti-credit
repair literature to anyone whom they suspect of using
credit repair services. The bureaus unflinchingly deny that
accurate information can be removed from a credit report.
The simple truth is that you do not have to endure bad
credit for seven to ten years as long as you feel
comfortable challenging the accuracy or verifiability of
your credit listings. If so, it is possible to restore
creditworthiness within a much shorter time.
However you decide to address your credit challenges,
realize that regardless of what you may hear in the news
media, thousands before you have sought help and restored
their credit. They can show you their homes, cars, and
credit cards. Despite the newspaper articles, TV reports,
and other credit bureau propaganda to the contrary, the
simple truth remains: you can restore your credit.
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Mike Powers is an internet marketer who has developed a
website that gives tips and resources to people who are in
need of repairing their credit.
You can view Mike's website at:
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