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Legitimate Credit
Repair Services
Credit repair can be a difficult and confusing process. Legal credit
repair services do not engage in making false promises, suggesting illegal
practices, or skirting the rules governing legal credit repair services as
contained in laws, Acts and rules such as the those defined by the Credit
Repair Organizations Act.
Consumers wishing to access legitimate services to address bad credit
reports often find the selection of a genuine company confusing and next
to impossible. This is understandable, considering the quantity of
companies offering credit repair services searchable on the Internet. The
information on this page is intended to help consumers find legal credit
repair services, by helping them understand the very basics of what can be
lawfully achieved
through credit repair.
Click here for a
Free online
credit evaluation - No Cost, No Obligation!!
What Legal Credit Repair Services Can Do
Legitimate credit repair centers around removing inaccurate, out of date,
and unproven items from your credit reports. Credit repair companies are
bound by several laws, Acts, and rules, some of which are specifically
intended to protect consumers who seek a legal means to remove false items
from credit reports. These Acts also demand compliance both from companies
that offer credit repair services, and Consumer Reporting Agencies who
collect and
sell credit information about you.
Learn more about the
laws and Acts that govern the credit industry.
Due to the complexity of the laws governing the credit industry, many feel
that hiring lawyers and paralegals is the best method to ensure you're
getting legitimate credit repair services. Doing so also ensures that you
are being provided with services from individuals who understand the many
complexities contained in the laws governing credit repair. This is sound
advice for those seeking to repair their credit reports in accordance with
the law.
Look for these signs to spot an illegitimate credit repair company:
1) Beware of False Promises
Repairing credit reports takes time and effort. Any company that suggests
they can fix your credit in under 30 days is a fake. Any company that
guarantees that they can fix your credit report is a fake. No legitimate
provider of credit repair services can guarantee anything until they have
looked at your credit reports to assess what, if any, negative information
they contain.
2) Removing Accurate Items
There is no one, and no credit repair company, that can remove accurate
information from your credit report. This is true whether they are
lawyers, paralegals, accountants, or anyone else. Only items that can be
proven false or out of date can be removed from credit reports.
3) Suggesting Illegal Actions
Any company that suggests you apply for a new social insurance number or
name change is a fraud. Doing so is illegal. These companies are not only
breaking the law, they are suggesting you do to!
4) Free Credit Report Frauds
September 2006 marks the one year anniversary of a new program that was
mandated by Congress through the Fair and Accurate Credit Transactions Act
of 2003. This program was phased in across the country, and as of last
September, every area was entitled to free credit reports from the three
Consumer Reporting Agencies annually. Learn about this Act on our
free
credit reports page.
The FTC has worked diligently to inform consumers that there is only one
place to request these credit reports. However, fraudulent companies
continue to proliferate the Internet, demanding payment for reports and/or
automatic signup to credit repair programs. These websites and programs
are not legitimate. Learn more from the
FTC's free credit reports webpage.
Help Finding Legal Credit Repair Companies
There are steps everyone should take before hiring any company to repair
their credit. These include:
1) Only hire a legitimate credit repair company that provides you
with a working telephone number and company office address.
2) Check the history of the company through the Better Business
Bureau website. Type the name of the company and it's address into the
BBB search
webpage.
3) Ask for legitimate references. Do not only rely on
'testimonials' provided on the website.
4) Do not pay one cent until you've received the credit repair
services agreement in writing, and have read through it carefully.
When considering professional credit repair services, consider using a
company that employs lawyers or paralegals who understand the laws and
rules that govern the industry.
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