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The Facts and Myths
of credit repair
Credit repair can be very confusing with so many
differing opinions and myths that are being
perpetrated by people and even the credit bureaus.
We want to clear up some of these myths about credit
repair and give you the facts.
One of the first things you need to realize is that
errors on a credit report can be removed, but you do
not need to pay an attorney big bucks to have it
done. Typically, when you hire a big firm to remove
errors on your credit report they will charge you a
high fee and drag the process out for a very long
time.
In our study we found the average client has been
with these big firms for about 13 months before they
noticed an improvement in removing negative items
from their credit report. The myth about credit
repair is that it always takes a long time to remove
inaccurate information from your credit report,
obviously, that is not true.
Here are some
myths and facts about credit repair:
Myth:
Information is on your credit report for 7 years
regardless of the accuracy or inaccuracy.
Fact:
It is true that information can remain on your
credit report for 7 years, but if it is not accurate
and you dispute it properly it can and legally must
be removed from your credit file.
Myth:
One of the myths of credit repair is it takes a very
long time to remove inaccurate information.
Fact:
In our experience the removal of inaccurate
information does not take as long as others quote.
Instead of results in 12 or more months with other
firms at Edit Your Credit we start to see results in
as little as 3 to 5 months. Of course, some
circumstances may take longer, but we realize
results much faster than other services.
Myth:
Credit Bureaus are on your side and are helpful when
there are inaccuracies in your credit report.
Fact:
Credit bureaus are a for-profit business and profit
from selling your information to credit issuers. The
fact is the lower your credit score the more
profitable you are to the credit bureau. If you are
a credit ‘risk’ then you will be charged more in
interest and fees and the credit bureaus know this
and charge accordingly for this information. They
have a vested interest in not removing inaccurate
information from your file.
Myth:
The information is wrong in my credit file and the
credit bureau will gladly remove this wrong
information if you dispute it.
Fact:
In the eyes of the credit bureau you are guilty as
charged until you prove you are innocent. Simply
disputing information is not going to remove the
information. The credit bureaus dispute area
personnel are trained to deny your dispute first and
discourage you from even attempting to get the
information removed.
Disputing information the right way will eliminate
this problem and this is where Edit Your Credit
comes in to play. We know how the system works and
have proven results in getting inaccurate
information removed. Do it the right way by hiring
us to do it for you.
Myth:
You cannot dispute accurate information on your
credit report.
Fact:
You can dispute anything you wish on your credit
report. If the balances are wrong that information
can be disputed. If the account is listed as
delinquent when it is not that is disputable.
Accurate information may not come off your credit
report, but inaccurate information must be removed.
Myth:
Credit repair services are a scam.
Fact:
There are certain unscrupulous credit repair firms
in the market place. Like any business you have good
people and bad people. Those people who tell you to
start with a new identity or promise a new credit
file are lying to you and are encouraging you to
break the law. Sometimes there is no quick fix for
credit issues.
Myth:
I can do the same thing that credit repair services
can do.
Fact:
Possibly, if you know how the system works, but the
fact is we have a time tested system that works. We
know how, when and what to do in each and every
case. Sometimes when you try to do it yourself you
cause more damage to your situation. Do it right the
first time, hire a professional.
At Edit Your Credit we take what we do very
seriously and take a personal approach to your
situation. To us you are not just a number, but a
client and we want to know your dreams and goals.
The better we know you the better we can help you.
Our program works and we see results very quickly
for our clients. Here are a few examples of credit
reports we helped people with. Also, visit our
testimonial page to see what people who used our
services had to say.
Get started today!
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