You should make yourself aware of companies that charge a fee to help you re-establish your credit rating. Their ability to alter the information that is shown in your credit report file is no
different than anyone else! Only your creditors are able to change this information on file. Therefore you don't need to pay a third party to discuss, obtain, review or make changes to your credit
report. You have the right to view your information and make changes to your credit file if the information is incorrect or if you want to include a comment.
Remember this when it comes to hiring a company that offers credit repair
A credit reporting agency will not remove accurate negative information from your credit report file before the legal time period has expired. Therefore, do not believe anyone who claims they can get negative information removed from your credit report faster than is legally required.
No credit repair company can do anything you can't do for yourself. It is impossible for a third party to make changes in your credit report file if the facts have been correctly reported. There are companies and individuals that claim they can fix a bad credit report, but this is not the case. If a credit file contains accurate, but negative information about your credit history, this information can't be changed. Information will only be changed when your credit file contains an inaccuracy.
There are no laws or "loopholes" that credit repair companies can use to get correct information off your credit report.
The only way to fix a poor credit rating is to adopt sound credit practices for a period of time.
You may want to also read Statute Of Limitations Law on old past due debt
Read more on credit repair companies and Bad Credit Report Repair
Read how credit repair companies offer New Identification To Erase Bad Credit
Although all information has been written in good faith and reviewed, please email us at [email protected] to report any inaccuracies.