Are You Tired of Searching for A Perfect Credit Repair Service?
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) I'm often asked whether credit repair really works, and the simple answer to that is, "Yes, definitely." Based on a study released by the U.S. Public Interest Research Group in June 2004, 79% of the consumer credit reports surveyed contained some kind of error or mistake. On top of all the errors and mistakes, millions of items are known to be removed from credit reports and tens of thousands get deleted every single day (i.e. late payments, collections, bankruptcies, and foreclosures).
3) The Fair Credit Reporting Act guarantees the credit repair process to you. Although there are many credit repair companies out there, be cautious, however, to avoid being scammed.
4) The Credit Repair Organizations Act also guarantees that credit repair organizations must give you a copy of the Consumer Credit File Rights Under State and Federal Law before you sign a contract. They also must give you a written contract that spells out your rights and obligations.
5) Read these documents before you sign anything. And before signing, know that a credit repair company cannot:
* Mislead you with false claims about their services
* Charge you unless their promised services is completed
* Start their services unless YOUR signature is on a written contract and they have completed a THREE-DAY waiting period
You have the power and right to cancel the contract without paying any fees during this three-day waiting period.
Before you mark your name on the contract, make sure it specifies:
* Payment terms for services and total cost
* 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
2) I'm often asked whether credit repair really works, and the simple answer to that is, "Yes, definitely." Based on a study released by the U.S. Public Interest Research Group in June 2004, 79% of the consumer credit reports surveyed contained some kind of error or mistake. On top of all the errors and mistakes, millions of items are known to be removed from credit reports and tens of thousands get deleted every single day (i.e. late payments, collections, bankruptcies, and foreclosures).
3) The Fair Credit Reporting Act guarantees the credit repair process to you. Although there are many credit repair companies out there, be cautious, however, to avoid being scammed.
4) The Credit Repair Organizations Act also guarantees that credit repair organizations must give you a copy of the Consumer Credit File Rights Under State and Federal Law before you sign a contract. They also must give you a written contract that spells out your rights and obligations.
5) Read these documents before you sign anything. And before signing, know that a credit repair company cannot:
* Mislead you with false claims about their services
* Charge you unless their promised services is completed
* Start their services unless YOUR signature is on a written contract and they have completed a THREE-DAY waiting period
You have the power and right to cancel the contract without paying any fees during this three-day waiting period.
Before you mark your name on the contract, make sure it specifies:
* Payment terms for services and total cost
* 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
About the Author:
About The Author: David Wada, who has been improving 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
posted by Credit Counseling at
7:33 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home