Free Credit Report Repair Guide

I found this review of AmericanCreditBuilder.com. It’s very interesting and well worth your read. I really enjoy it when someone reviews a product or a service for the sake of information and not to use it to sell you the product.

Nice job Chuck Jaffe.

American Credit Builder helps members build their credit rating by making sure nontraditional payments are part of the mix. Credit bureaus normally focus on charge cards and consumer loans, but American Credit Builder gets them to look at utility payments, rent and other regular expenses. Reporting these payments to more than 175 credit bureaus is supposed to help establish a responsible credit history.

Hard to tell what fix is in with this credit-repair service - MarketWatch

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Texas has the lowest average credit score, 650, but as the article points out that score is not that bad. Read on for more details.

A lower score leads to higher interest rates on everything from credit cards to mortgages, Orman saidA score of 850 is the highest one possible, and an ideal score is around 760 or above, according to Orman. Anything below 700 will leave consumers with high interest rates, and anything below 600 will take at least three years to repair.Repairing credit scores starts with paying off credit cards, starting with the one with the highest interest rate, Orman said.”Keep paying the minimum on all the rest,” Orman said. “As you keep doing that, you roll it down and roll it down and guess what? Before you know it, you’ll be out of credit card debt.”

nbc5i.com - News - Good Credit Scores Vital

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This should not come as a surprise to you that no company can guarantee they can remove negative credit marks.

The only ones who can permanently remove the debt from your record are the credit bureau or the creditor, and there is nothing that a credit repair service can do for you that you can’t do for yourself.There are a number of credit repair agencies out there making promises that they can give you a fresh start and remove all negative items from your credit report, even the accurate ones. This just isn’t possible. Understand how credit repair works and what credit repair companies CAN do for you - legally - before you plunk down more money you don’t have for empty promises.

Fraudulent Credit Repair Companies Make Promises They Can’t Keep

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This is really big. The courts are backing the consumer on accurate credit reports. This is a big win for the consumer. What is shouldn’t mean is we go an sue as soon as something is inaccurate, but rather us as a last resort.

Last month, the 5th Circuit Court of Appeals ruled that the credit bureaus are ultimately responsible for the reinvestigation of disputed information in their systems and cannot shirk that responsibility by blaming another group for the false information. Morris v. Equifax Information Services, 2006 WL 2043567.

More and More Consumers Are Suing Credit Bureaus

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