Facts for Consumers - from
The Federal Trade Commission
Credit Repair: Self Help May Be Best
You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail. You may even get calls from telemarketers offering credit repair services. They all make the same claims:
- “Credit problems? No problem!”
- “We can erase your bad credit — 100% guaranteed.”
- “Create a new credit identity — legally.”
- “We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!”
Do yourself a favor and save some money, too. Don’t believe these statements.
The Scam
Everyday, companies nationwide appeal to consumers with poor credit histories. They promise, for a fee, to clean up your credit report so you can get a car loan, a home mortgage, insurance, or even a job. The truth is, they can’t deliver. After you pay them hundreds or thousands of dollars in fees, these companies do nothing to improve your credit report; most simply vanish with your money.
End of FTC quote_____________________________________________
Curt's comment:
The Fair Trade Commission is right on with this information. You can do it better and faster, by yourself. In addition to knowing exactly what is really happening, and right where you are in the process, you won't be making disappointing phone calls to a credit repair service who is sending out standard form letters to the credit bureaus.
The credit bureaus receive hundreds of these form letters every day. Don't believe for a minute that they actually process them right away. They know that most credit repair services bill their customers every month. And, they are in no particular hurry to get your credit fixed. So, your letter gets set aside until later.
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Credit repair, and/or keeping your credit in good standing, is something everyone should do. Your credit report reflects who you are to people or firms who see it. It is much the same as someone visiting your home. You want to give them a good impression.
It is not difficult to repair your credit. However, there are several different strategies available for doing these things. Not everyone has the same situation. So, not everyone will use the same strategy.
We also offer a debt elimination program which will protect you from all unsecured loans, such as credit cards. Read about Zero Credit Card Debt here. You can get it with, or without, asset protection.
It has been said that you cannot truly protect your assets. However, you CAN control who gets them. This is a very important distinction which allows for creative solutions to this dilemma.
Our asset protection program is one of the best. It automatically comes with debt elimination. It's more complicated and expensive than simple debt elimination. Read about asset protection here.
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