1) if you have a credit score of 677, you are in the same boat as 70% of all Americans. If your credit score rose just 30 points, your family can save, on average, $421 every month or $5,052 every year on house payments, car payments, credits cards, loans, etc.
2) Many people often wonder if credit repair really works, and the short answer is , "Yes, definitely." The U.S. Public Interest Research Group released a report in June 2004 saying that 79% of the consumer credit reports surveyed contained some kind of error or mistake. Even today, million of erroneous items have been removed from credit reports, and tens of thousands get deleted daily, including collections, late payments, bankruptcies, and foreclosures.
3) Most people have never heard of The Fair Credit Reporting Act that guarantees the credit repair process to you, the customer. To avoid being scammed demand the credit repair company to comply with The Fair Credit Reporting Act.
4) Be sure to ask for a written contract that spells out your rights and obligations. The Credit Repair Organizations Act guarantees that credit repair organizations must give you a copy of the "Consumer Credit File Rights Under State and Federal Law" before you sign anything.
5) A credit repair company cannot do the following until you give your signature:
* Claim facts about their services that are false
* Take your money unless they have finished the promised services (Not half way; but completely)
* Perform any services until they have your signature on a written contract and have completed a three-day waiting period
During this time, you can cancel the contract without paying any fees.
Before you sign a contract, be sure it specifies:
* The total cost and the payment terms for services
* A description of the services down to the itty-bitty details the company will be performing
* How long it will take to achieve the result
* 100% guarantees the company offers
* Company name and address - 15224
2) Many people often wonder if credit repair really works, and the short answer is , "Yes, definitely." The U.S. Public Interest Research Group released a report in June 2004 saying that 79% of the consumer credit reports surveyed contained some kind of error or mistake. Even today, million of erroneous items have been removed from credit reports, and tens of thousands get deleted daily, including collections, late payments, bankruptcies, and foreclosures.
3) Most people have never heard of The Fair Credit Reporting Act that guarantees the credit repair process to you, the customer. To avoid being scammed demand the credit repair company to comply with The Fair Credit Reporting Act.
4) Be sure to ask for a written contract that spells out your rights and obligations. The Credit Repair Organizations Act guarantees that credit repair organizations must give you a copy of the "Consumer Credit File Rights Under State and Federal Law" before you sign anything.
5) A credit repair company cannot do the following until you give your signature:
* Claim facts about their services that are false
* Take your money unless they have finished the promised services (Not half way; but completely)
* Perform any services until they have your signature on a written contract and have completed a three-day waiting period
During this time, you can cancel the contract without paying any fees.
Before you sign a contract, be sure it specifies:
* The total cost and the payment terms for services
* A description of the services down to the itty-bitty details the company will be performing
* How long it will take to achieve the result
* 100% guarantees the company offers
* Company name and address - 15224
About the Author:
About The Author: David Wada, who has been repairing credit in Northern California for thirty years, has written a very practical guide to de-mystify Credit Repair Companies. For a limited period, you can access a free copy by going to his Credit Repair Companies
