If you think you want to find a credit repair service, and don’t want to do it on your own, be careful how you choose a credit repair service. With so many Americans struggling under huge debt loads, many “scams” have cropped up that claim to be credit repair services that can help you repair bad credit quickly, or start over with “new” credit.
These so-called credit repair services claim to “fix bad credit” – their ads are on the television, radio, and online too. They all make similar claims: that they can cancel judgments, bankruptcies, delinquent payments and other bad credit items, for a fee of course. Some even claim to get you a completely new, clean credit report.
Beware when you hear these claims – much if not all of what these credit repair service companies are offering is illegal! They collect fees, and in the end, your credit is no better off than before.
You can actually take real, immediate steps to repair bad credit without using a bad credit repair service. But if you are in way over your head, there are also legitimate credit counseling services which can help you. We suggest a few below. BE SURE TO AVOID ANY COMPANIES THAT ASK YOU TO DO THE FOLLOWING, OR THAT OFFER TO DO THESE THINGS FOR YOU:
- They tell you that you should file a dispute or verification for every item on your credit report – even if you know it is a legitimate debt. They’re hoping that a creditor won’t follow up, and that you can get the debt removed by going to court. After hours, day or weeks of your time in court, writing letters, and more, you will find that the creditor will win out and your debt affirmed. You’d be better off spending the time earning additional money to pay off your legitimate debts.
- They may tell you that you can obtain a brand new credit file using and Tax Identification Number (TIN) A TIN is used by a small business to track information for a small business. Your personal information is still tagged to the TIN, and trying to use a TIN to avoid your personal credit liabilities is illegal. Your creditors will eventually figure it out, and the credit reporting agencies will show your personal debt on the TIN’s credit report!
- Some firms might suggest that you refuse to pay debt, based on religions reasons (usury) or a supposed Federal law that makes credit illegal. If you subscribe to the same crazy theories that say paying taxes is illegal, and stop paying your income tax, then this might be for you – but understand that this too is illegal!
The only legitimate way to take on bad credit repair is to set up a good debt payment plan, and follow it. If you have too much debt and need to have some forgiven or declare bankruptcy, there re legitimate ways to do that. Just be patient, stick to your plan, and you will start to see results within only a few months – and you can get out of debt in fewer years than you think. Follow our Steps Plan by clicking on the button to the left, or click here to receive our FREE Steps To Fix Bad Credit report via email.
Instead of falling for a quick fix, read everything on this site and see if you can’t get started on your own. Below we recommend several agencies and companies who will work with you to put together a repayment plan and get the creditors off your back.
Remember however: Working with a credit counseling agency will also go on your credit report. And some of the credit counseling agencies below are funding by the major credit card companies – which means they will recommend against bankruptcy in favor of paying all of your debts, and will not necessarily work in your secured debts into your plan – your car or home. Be sure to discuss those topics with your counselor, and don’t hesitate to interview them first to make sure you have a good working relationship with the person you’re assigned – you may be working with this person for some time!
Tags: Credit Repair
Categories: Credit Repair
