Are You Tired of Searching for A Perfect Credit Repair Service?
1) According to the latest figures, the average American has a credit score of 677. If that same individual's credit score rose to just 720, that family can save, on average, $421 per month or $5,052 per year on house payments, car payments, credit cards, etc.
2) I'm often asked whether credit repair really works, and the simple answer to that is, "Yes, definitely." Based on a study released by the U.S. Public Interest Research Group in June 2004, 79% of the consumer credit reports surveyed contained some kind of error or mistake. On top of all the errors and mistakes, millions of items are known to be removed from credit reports and tens of thousands get deleted every single day (i.e. late payments, collections, bankruptcies, and foreclosures).
3) Most people have never heard of The Fair Credit Reporting Act that guarantees the credit repair process to you, the customer. To avoid being scammed demand the credit repair company to comply with The Fair Credit Reporting Act.
4) The Credit Repair Organizations Act also guarantees that credit repair organizations must give you a copy of the Consumer Credit File Rights Under State and Federal Law before you sign a contract. They also must give you a written contract that spells out your rights and obligations.
5) A credit repair company cannot do the following until you give your signature:
* Mislead you with false claims about their services
* Charge you unless their promised services is completed
* Start their services unless YOUR signature is on a written contract and they have completed a THREE-DAY waiting period
Know that you have the freedom to cancel the contract with no fuss, no hassle, and no cancellation fees during this time.
Before you sign a contract, be sure it specifies:
* The total cost and the payment terms for services
* A detailed description of the services the company will perform
* The total length of time to achieve the result (Otherwise, they can keep charging you for more than you intended)
* 100% guarantees the company offers
* Company title, phone number and business address
2) I'm often asked whether credit repair really works, and the simple answer to that is, "Yes, definitely." Based on a study released by the U.S. Public Interest Research Group in June 2004, 79% of the consumer credit reports surveyed contained some kind of error or mistake. On top of all the errors and mistakes, millions of items are known to be removed from credit reports and tens of thousands get deleted every single day (i.e. late payments, collections, bankruptcies, and foreclosures).
3) Most people have never heard of The Fair Credit Reporting Act that guarantees the credit repair process to you, the customer. To avoid being scammed demand the credit repair company to comply with The Fair Credit Reporting Act.
4) The Credit Repair Organizations Act also guarantees that credit repair organizations must give you a copy of the Consumer Credit File Rights Under State and Federal Law before you sign a contract. They also must give you a written contract that spells out your rights and obligations.
5) A credit repair company cannot do the following until you give your signature:
* Mislead you with false claims about their services
* Charge you unless their promised services is completed
* Start their services unless YOUR signature is on a written contract and they have completed a THREE-DAY waiting period
Know that you have the freedom to cancel the contract with no fuss, no hassle, and no cancellation fees during this time.
Before you sign a contract, be sure it specifies:
* The total cost and the payment terms for services
* A detailed description of the services the company will perform
* The total length of time to achieve the result (Otherwise, they can keep charging you for more than you intended)
* 100% guarantees the company offers
* Company title, phone number and business address
About the Author:
About The Author: David Wada, who has been improving credit in Northern California for thirty years, has written a very practical guide to clarify Credit Repair Companies. For a limited period, you can access a free copy by visiting his Credit Repair Companies
posted by Debt Consolidation Loan at
7:03 PM
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