Have you seen those late night television commercials? You know the ones where they claim that you can erase your bad credit overnight. What about those commercials that claim it is possible to get a major credit card without using a deposit or even a credit check?</p>
There are advertisements both online and off selling books and systems to help you fix your credit problems. It is not uncommon for many of them to make outrageous claims.
The question naturally arises, “Are these sort of claims too good to be true?”
These credit repair companies would love for you to believe that the only requirement for fixing bad credit is time. The reality is quite different. The truth is that time is only one factor but it is not the only factor.
There is a consumer protection law known as the Fair Credit Reporting Act (FCRA). The only negative information which can remain on your credit report is what is not accurate. This means that any negative item on your credit report can stay there if it is true and can be proved to be true. This item presents us with good and bad news.
This is the good news. Through the FCRA you can improve your credit score dramatically. This can be accomplished in a short period of time. This requires a small amount of effort from you.
Now here is the bad news. While the work may take you a small amount of time, it is essential that you have the proper method on how to proceed. This is the crucial point: Most of the courses available on restoring your credit (9 out of 10) will not be helpful at all. The reason for this is that these companies will provide you with boiler plate dispute letters.
These boiler plate dispute letters are nothing more than form letters. The truth of the matter is that credit bureaus and creditors will tend not to take these very seriously.
It is quite true that anything a credit repair clinic can do for you, you can do it yourself for little or no cost. However, and this is the key point, to be successful it is imperative that you acquire the most recent insider techniques and procedures to achieve the desired results; i.e., improved credit scores.
This includes, but is not limited to, such strategies as proof of contract, constructive notice, challenge of procedure and restrictive endorsement.
This may appear complicated, but in reality they are very simple. These are just a means of communicating. In turn, this is how you exercise your consumer rights. Knowing how to proceed will enable you to get the results that you want and will raise your credit score.
Also, you may discover how to make money by doing this for others. It is an important service and one that is in popular demand.
In either case, the first step is to request a free copy of your credit report. You can find it here: http://www.AnnualCreditReport.com
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