The Scoop on Credit Repair Companies

Posted on: December 14th, 2007 by admin

There are a lot of companies that claim to be able to fix or repair your credit. What do they actually do? Can you do it yourself? What they do is actually pretty simple and it pays to be informed.

Credit repair/fix companies can only legally dispute inaccurate information on a credit report, which is exactly what individuals can do, and for free. Any Company that promises to “fix” credit, remove negative information which is true, or start over with a new Social Security number are scams. The only information that can be removed/purged from a person’s credit report/history is inaccurate information. Which, as stated above, can be disputed by the individual for free.

The moral of this story is, don’t be tricked into thinking someone can repair your credit for you. Anything a company can do, you can do for yourself. Which means, use your free annual credit report or pay for a credit report, and dispute any inaccurate information with the credit bureaus. Also, keep reading this blog on easy ways to increase your credit score. It can be done and isn’t that difficult when provided accurate information.

Original article from: Increase-Credit-Score.com