Modern society pushes people to hungry, insatiable consumerism. It is
acceptable as long as you can afford what you are buying, but what if
you cannot? Overspending is a very common problem of the average
American. And more and more of us end up buried under an enormous
amount of debt. If your financial situation has become shaky and you
are struggling to make ends meet and pay your bills each month, it is
very possible to you will not be able to keep doing this forever. The
day will come when you will miss a payment, due bills will begin to
pile up and your credit score will suffer the consequences.
If you have come to the decision to resort to a professional credit repair agency, you probably have your reasons and I trust that you have thought it over thoroughly. We are not here to discuss pros and cons of credit repair programs. What we seek to do is to aid you in choosing the correct agency and to become aware of certain distinctive facts which characterize fraudulent agencies.
Red Flags Flailing
On your search for the perfect agency you have probably compared dozens of them, hundreds of offers and thousands of extremely tempting ads. Common sense is usually clouded by the excitement of becoming debt free, but here are some promises that agencies sometimes make which should alert you:
1) Up-front fees are required. If the institution demands any fees before beginning to provide their services, you should beware. This practice is illegal.
2) None of the institution’s employees has informed you of your legal rights even if you'requested this information, or you are not required to sign a contract. This is compulsory and should never be charged for. They should not make you pay for a copy of your credit report either.
3) You feel you have been advised by the institution to take any illegal measures to achieve credit repair. By illegal measures we mean creating a new credit identity, for instance. If you feel the slightest discomfort and fear you might be committing fraud, walk away without contemplations.
Negative Information, Can It Be Erased Or Not?
So your credit report is plagued with negative information, negative inputs and what-not? Your credit score is on the ground, and you want a quick fix to it. You have found this great credit repair counselor who claims to be able to erase all the negative information on your report and leave it as good as new. You are thrilled, and in such a hurry… what has just happened? You have become the perfect prey.
What you should know is that the negative information on your credit report which happens to be accurate and appropriate, will not be able to be removed. It will usually stay for up to 7 years. Bankruptcy can even take up to 10 years to disappear. Only inaccurate or erroneous information can be fixed or removed, and you do not necessarily have to pay for this service.
Do not waste your time, breath and money on magical solutions because they do not exist. Everything requires effort from your part. Keep your eyes open, research each credit repair agency and choose the one which seems most reputable. I wish you the best of luck.
If you have come to the decision to resort to a professional credit repair agency, you probably have your reasons and I trust that you have thought it over thoroughly. We are not here to discuss pros and cons of credit repair programs. What we seek to do is to aid you in choosing the correct agency and to become aware of certain distinctive facts which characterize fraudulent agencies.
Red Flags Flailing
On your search for the perfect agency you have probably compared dozens of them, hundreds of offers and thousands of extremely tempting ads. Common sense is usually clouded by the excitement of becoming debt free, but here are some promises that agencies sometimes make which should alert you:
1) Up-front fees are required. If the institution demands any fees before beginning to provide their services, you should beware. This practice is illegal.
2) None of the institution’s employees has informed you of your legal rights even if you'requested this information, or you are not required to sign a contract. This is compulsory and should never be charged for. They should not make you pay for a copy of your credit report either.
3) You feel you have been advised by the institution to take any illegal measures to achieve credit repair. By illegal measures we mean creating a new credit identity, for instance. If you feel the slightest discomfort and fear you might be committing fraud, walk away without contemplations.
Negative Information, Can It Be Erased Or Not?
So your credit report is plagued with negative information, negative inputs and what-not? Your credit score is on the ground, and you want a quick fix to it. You have found this great credit repair counselor who claims to be able to erase all the negative information on your report and leave it as good as new. You are thrilled, and in such a hurry… what has just happened? You have become the perfect prey.
What you should know is that the negative information on your credit report which happens to be accurate and appropriate, will not be able to be removed. It will usually stay for up to 7 years. Bankruptcy can even take up to 10 years to disappear. Only inaccurate or erroneous information can be fixed or removed, and you do not necessarily have to pay for this service.
Do not waste your time, breath and money on magical solutions because they do not exist. Everything requires effort from your part. Keep your eyes open, research each credit repair agency and choose the one which seems most reputable. I wish you the best of luck.
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