Credit Repair

How to Remove Negative Charge-Off Entries from Your Consumer Credit Report?

When a creditor puts your loan accounts in “charged-off” status, it adversely affects your consumer credit report. This is one of the worst negative entries that can appear on your report. Therefore, it is important for you to learn how to remove such entries and take control of the situation before it takes a horrible shape. If you do not do anything in this regard, the accounts will remain delinquent on the report for the next seven years. Luckily, there are ways to get such entries removed and achieve a healthier FICO score, but that will require you to make some difficult decisions and implement the same strictly. Following is a brief rundown on how to go about it. ...Read more>>

Do You Really Need Professional Credit Repair Services?

It is a common misconception among many people that professional experts must be hired to repair one’s credit. In reality, the companies that offer credit repair services do not do anything as such that you cannot do yourself. Therefore, if you are serious about improving your FICO score, consider making it a DIY project rather than paying others to do things that you can do for free. ...Read more>>

5 Things to Do to Evaluate Credit Repair Services

Considering the very fact that there are several unscrupulous companies available in the market that offer credit repair services with the only objective to earn money from consumers by hook or by crook. Therefore, it is very important for you to learn how to evaluate the different services and choose the one that provides great results through genuine, practical, and legal ways. ...Read more>>

4 Great Places for Low Cost Credit Repair Help

When you are hit with high debt and poor credit score, you probably need some credit repair help. The process of fixing your credit can be very difficult if you do not have an idea on how your score is calculated, what those factors are that affect your FICO report, and what you can do to get things back on track. In such cases, people often tend to use the services of a professional agency that claims to offer quick fixes for these problems. Such services can be very expensive. Worse, very few of them are genuine and do what they promise. Fortunately, there are several cost-effective alternatives available. ...Read more>>

Stay Away From These Two Most Common Credit Repair Service Scams

First thing first, not all companies that offer credit repair service are scams. Many reputed companies do offer legitimate solutions that really work. It is just that you must know how to differentiate the genuine ones from unscrupulous ones. Look at what they are offering. If something sounds too good to be true, the chances are that it really is. Following are the two most common scams that you need to beware of. ...Read more>>

Know The Laws before You Hire Credit Repair Companies

There are certain laws that credit repair companies must follow. There are several agencies out there that make highly alluring claims in their advertising campaigns. Many times, they even go against the laws while doing aggressive marketing. For example, you may have come across many services that give you guarantee that they can fix everything wrong appearing on your credit report. The Federal Trade Commission has warned consumers to stay away from such services, as they are often scams. As per the Fair Credit Reporting Act, certain restrictions have been imposed on these companies (the way they market their services and the way they go with the procedure). ...Read more>>

Tips To Hire The Best Company To Repair Credit History

There are certain laws that regulate the process when it comes to hiring a third party to repair credit history. Therefore, if you are considering hiring a credit repair organization to perform this task on your behalf, you must first be well aware of those laws. Unawareness of these laws is the main reason why many consumers often get trapped into credit fixing scams. Following are some of the basic things about the Credit Repair Organization Act that you must always keep in mind before you sign up with a company. ...Read more>>

How Much Does Credit Repair Cost?

Credit repair cost depends on the method you are using. If you are doing it on your own, it will cost you nothing. But, if you are hiring an agency to assist you with this task, you will obviously have to pay a certain amount of money as fee for their services. In the later case, the cost may significantly vary from one company to another. Therefore, if you are not confident enough to perform this task on your own and are considering hiring a credit repair company, you must first do a thorough review of the charges associated with the services that are being offered to you. There are several other things also that you must keep in mind in this regard. ...Read more>>

Basic Things To Do Before Signing A Credit Repair Contract

When it comes to signing a credit repair contract, there are several things that you need to take into your careful consideration. The first thing that is very important for you to keep in mind that according to the FTC (Federal Trade Commission), there is no need to hire a third-party agency to clean up your credit. There is a set procedure that a person has to follow in order to achieve an error-free credit report. All you have to do is just to be well aware of the steps involved with the procedure. However, if you do not have much time for this or do not want to take the stress of handling such things on your own, you always have an option to hire a credit repair company to do it on your behalf. ...Read more>>

Credit Repair Organization Act

If you are considering hiring a company to fix the negative entries on your credit report, you must first be well aware of the Credit Repair Organization Act, which was put in place September 1996 with an objective to provide protection to consumers against credit repair scams. There are several organizations out there in the market that offer credit fixing services, which means they claim to fix the negative things on your report. But, it is very important for you to keep in mind that not all of them are genuine ones. Many of them are quite unscrupulous and all they want is just to make money from you. Therefore, your awareness about the provisions introduced by this act is very important. ...Read more>>

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How Changes To Payday Loan Law Can Save Consumers From Debt Traps
Payday lending laws have changed over the last few years to protect consumers from payday loan debt. Payday lenders have received much bad press recently. Often they are called loan sharks. Public hostility ag... Read more

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