It might be a fact that I had the worst credit report in
the world or at least thats how the banks treated me but
what if I told you that it was possible to erase everything
negative from your credit report, with out filing for
bankruptcy and in return keeping only the good credit and
raising your credit score drastically.
You may have heard about many different Ads books, systems
and secrets to help you repair your credit fast. Many of
these programs have claim to Erase bad credit and smash
your debts with just 2 Magic Letters! Create a completely
new credit file in 24hrs! Well I bet you wonder are these
types of claims too good to be true? The answer is Yes and
no.
Everybody loves to believe that the only thing that can
repair bad credit is time; but on the real nothing could be
further from the truth. The fact is, time is only one
aspect that can repair a credit report (but that is not the
only way). because a consumer protection law known as the
Fair Credit Reporting Act (a.k.a FCRA) says that the only
negative information which can remain on your credit report
is not what is true but what can be proved to be true.
That means that any negative item on your credit report can
only remain there if it is accurate and CAN BE PROVED AS
ACCURATE under the guidelines of the FCRA. this fact
presents consumers with both good news and bad news. The
good news is that through the FCRA your credit score can
most likely be improved drastically in a very short period
of time with only a little bit of effort on your part.
The bad news is that while the actual way will take very
little of your time, it is important that you have good
information on hand to go about it. now this is the really
bad news; 9 out of 10 courses on repairing your credit will
do nothing more than lead you down the wrong road. This is
because they provide you with some out-dated dispute
letters which are not that effective. These are nothing
more than form letters and to tell the truth the Credit
Bureaus and Creditors will laugh at you if you try to use
them.
The key element that you will need for success is the
latest inside techniques and procedures to get the results
you want. These involve strategies known as Proof of
Contract, Constructive Notice Challenge of Procedure or
Restrictive Endorsement and many others.
All these terms may be impressive but they are really quite
simple. In the end, it is nothing more than a method of
communication which exercises your consumer protection
rights, which gets the results you want and raises your
credit score.
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This Article was written by Keishon Martin who operates
http://www.Newmoneycredit.com where you can get the best
self credit repair package on the internet. also check out
his daily blog @ http://www.blogmessiah.com
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