Description: "Credit Repair" as advertised on radio, TV, and the Internet tends to be, at best, a waste of money and, at worst, a scam that would simply defraud you or (perhaps worse) involve you in fraud yourself. Even if a credit repair company is legitimate, there's nothing they can legally do that you can't do yourself at no cost. This is because there really is no legal way to "repair" bad credit if the history thereof is accurate--only time can do that. More Info. The Federal Fair Credit Reporting Act guarantees your right to dispute inaccurate information in your credit report free of charge, so if any of the problems you've had are due to inaccurate information, you can file a dispute with one of the nation's major credit bureaus to have it corrected or removed. We offer detailed instructions for how to do this. If the information is accurate, however, you'll need to focus on building better credit for the future rather than trying to have it removed from your report. Remember that most lenders are primarily interested in your payment patterns for just the past two years, so if you begin now to pay every bill on time it will have a positive impact on your credit relatively quickly. You can read additional tips on building good credit here. Only time and establishing a positive credit history can "clean up" your credit. One of the best first steps to getting your credit back on track is seeing what is on your credit report. This way, you can take steps to correct any inaccurate information that may be contained on your report and, at the same time, assess your current credit debt. For information on how to order your report, you can visit the Reports and Services area to Learn More. As you begin to manage your debt successfully, you will also want to work on rebuilding your credit. For information that may help you in this process, you can go to the Credit Basics area to Learn More. Click here for a free credit report. Powered By CreditMatters.com
Who Has the Keys to Your Credit File? - Guess who has the keys to your credit file? You already know that banks, credit card companies, mortgage lenders, and car financiers size you up by your credit record. But they aren't the only ones taking a peek.
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