Free Credit Report Repair Guide

Be very careful when looking at Credit Repair Companies

“For a fee, they promise to clean up your credit report so you can obtain a car loan, a home mortgage or even get a job. Unfortunately, many of these companies can’t deliver. After paying these companies hundreds or even thousands of dollars in upfront fees, these companies do nothing to improve your credit report; many simply vanish with your money…”

The only thing that really will change your credit report is time and acurate disputing of inaccurate negative marks on your report.

“The truth is, no one can legally remove accurate
and timely negative information from a credit report. But the law does
allow you to request a reinvestigation of information in your file that
you dispute as inaccurate or incomplete. There is no charge for this.
Everything a credit repair clinic can do for you legally, you can do
for yourself at little or no cost...

Advise you to dispute all information in your
credit report or take any action that seems illegal, such as creating a
new credit identity by obtaining a federal employer identification
number to use instead of a Social Security number. If you follow
illegal advice and commit fraud, you may be subject to prosecution.It’s
a federal crime to make false statements on a loan or credit
application, to misrepresent your Social Security number or to obtain
an employer identification number from the Internal Revenue Service
under false pretenses.”

The Daily Advertiser - www.theadvertiser.com - Lafayette, LA

You can always get a free copy of your credit report from www.annualcreditreport. com and please be very careful of any company asking you to do anything illegal. Breaking Federal Law is not worth it.

technorati tags:Credit, Repair, Free, CreditReport

This entry was posted on Thursday, July 13th, 2006 at 3:03 pm and is filed under credit repair . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.