2 de abril de 2009

"Credit Repair: the Way to Get Financial Stability "

There are millions of Americans that have probably been turned down for a home loan, car loan, a credit card, a home mortgage, insurance, or even a job etc. What is the CAUSE? They have Bad Credit. But sometimes the scenario is worse: some of those credit reports have a lot of mistakes and other inaccurate information.

So, first at all, remember: mistakes and other inaccurate information on your credit report aren't your fault! And in a perfect world, wouldn't affect you, but our world is not perfect, however, and while you may not be responsible for some or all of the questionable items on your credit report, you are probably being held accountable for them.

Stop being blamed for things that aren't your fault. Check your credit report, and make note of any misleading, inaccurate or outdated information. There are two acts, the Fair Credit Reporting Act and the Fair Debts Collections Practices Act, that were set up to protect your credit rights. Use them to fix credit!

The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. That is a useful tool to repair credit. Remember the whole key to the credit repair procedure is that if the credit bureaus cannot verify information on your credit report they must remove it. For instance, if a credit bureau cannot contact a collection agency which is reporting a collection on your report, they cannot verify the information, and the credit bureau must delete the entry.

Some people have no idea about how to deal with all this legal stuff, so they decide to hire a company to investigate on their behalf. That is a great option, because professional financial advice always is welcomed. A professional can help you to dispute these items and ultimately get them removed from your report.

So what are you waiting for? Get your credit repair right now!

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