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The TRUTH About Credit
Repair
-by Terry Price
(C) Copyright
Terry Price All Rights Reserved
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Have you ever wondered what
companies send you when they claim you can erase bad credit
overnight?
How about those ads that say you
can get any major credit card without a deposit or a credit
check?
Ads abound almost everywhere these days (online and off) selling
books, systems and secrets to help you fix your credit. Many of
these programs have claims which read like the covers of
supermarket tabloids:
"In 3 hours my credit score jumped from 580 to
676!"...
"Erase bad credit and smash your debts with just 2 Magic
Letters!".
Are these types of claims ALWAYS too good to be true? The answer
is "Yes and... no".
While many people would love for you to believe the only thing
that can fix bad credit is time; in reality... nothing could be
further from the truth. The fact is, time is only one factor
which can fix a credit report, but it's a far cry from being the
only factor. How can I back this up? Easy.
Under a consumer protection law known as the Fair Credit
Reporting Act (a.k.a. the FCRA) the only negative information
which can remain on your credit report is not what is
accurate... but what can be proved as accurate under the FCRA.
What's this mean to you?
It means any negative item on your credit report can only remain
there if it is accurate and CAN BE PROVED AS SUCH under the
guidelines of the FCRA. This undisputable 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 dramatically in a very short period of
time with only a modest amount of effort on your part.
The bad news is that while the actual "work" will take
very little of your time, it is vital that you have good
information on "how" to go about it. This is the bad
news; 9 out of 10 courses on restoring your credit will do
nothing more than lead you into snake pits because they will
provide you with what the industry refers to as "Boiler
Plate" dispute letters. These are nothing more than form
letters and... quite frankly (more bad news) the Credit Bureaus
and Creditors will laugh at you if you try to use them.
While I agree with the Federal Trade Commission (FTC) that
"Anything a Credit Repair Clinic can do for you legally,
you can do for yourself at little or not cost"... the key
element you need for success is the latest inside techniques and
procedures to get the results you want. This involves strategies
such as "Proof of Contract", "Constructive
Notice", "Challenge of Procedure" or
"Restrictive Endorsement" and many others.
All these terms may "sound" 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, gets the results you want and raises your credit score.
Even more impressive, once you learn how simple it can be by
doing it for yourself, you will find there is a fortune to be
made doing it for others! Either way, it all starts by
requesting a free copy of your credit report here:
www.AnnualCreditReport.com
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The "CREDIT SECRETS BIBLE"
by Terry Price has been in print since 1994 and is published by Consumer Publishing Group.
For more information on the "CREDIT SECRETS BIBLE" you may visit
the official company website here
for the Home Study Course with Audio CD or the Instant Digital Download for immediate access! |
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