1. The Many Credit Repair Myths Exposed
There are many credit repair myths out there and the purpose of this information is
to clear up the popular ones and give you some valuable credit repair information
that you can use to improve your financial situation. There are so many outrageous
and ridiculous claims being made all over the Internet by credit repair companies
that spring up with one goal; to collect as much money as possible from
unsuspecting and desperate people. Often times these companies disappear and
then resurface with a different name just to repeat the practice. It is a shame, but
consumers with poor credit are often very desperate to fix it that sometimes they
fall for these false statements in hope that they are true. In the back of their mind
they know that they probably are not true statements, but they hope that there is a
slight chance they will get what is being claimed and advertised. Each and every
time these outrageous, ridiculous, and often illegal credit repair claims never deliver
what is promised. In the end, thousands of consumers lose their hard earned money
to these unethical companies. It is very important to make sure that you are dealing
with a reputable credit repair company. Simple common sense can save you money
and hassles.
Now lets discuss the many credit repair myths that exist today. To begin lets make
one thing perfectly clear: there is no such thing as 7-day or 15-day credit repair. It
does not exist. There are so many insane claims from companies claiming the ability
to remove all negative information in a matter of just days. These are complete lies
and you need to quickly run away when you see such advertisements and claims.
Many fraudulent credit repair companies will refer to this as a credit sweep. They
shouldn’t even be referred to as companies, as a quick search and some due
diligence will show you that they do not even exist. Often, it is a fake company name
with no record available to prove otherwise. They spring up overnight and operate
collecting money for a short period of time and then disappear without a trace, only
to reappear again as another fake company advertising the same ludicrous credit
repair. Legitimate credit repair takes time. You will begin to see results in
approximately 30-35 days. The law gives the credit bureaus 30 days to respond to
any dispute. This information is something that will prevent you from being ripped
off; just know that any credit repair company claiming they can get results in a
matter of days is not one to trust.
Another thing that is seen many times is the famous, “I have a connection on the
inside” or, “My brothers best friends mother works for the credit bureaus.” These are
just flat out lies. These are just techniques used to suck money out of you. They are
banking on your believing these lies. No legitimate credit repair company is using
“inside connections.” If you hear claims like this then please do yourself a favor, and
walk away form that credit repair company. There is only one thing that will result
from working with a company like that, and that is a loss of money from you and
zero improvement when it comes to your credit. Save yourself the hassles and
frustration, and make sure that you only deal with a legal and legitimate credit

2. repair company. Results do not happen overnight and there is not a magic wand to
instantly make negative information go away. If it sounds too good to be true, then it
usually is! Using common sense will help you to avoid becoming a victim.
One of the more increasingly popular advertised methods is the so-called new credit
profile. These are often referred to as a CPN (credit profile number), SCN (secondary
credit number), or EIN (employer identification number). The way in which they
advertise the use of these numbers is illegal and can land you in extreme trouble.
These credit repair hack shops will tell you to use this new number to attempt to
acquire new credit with. It will not work and you will find out you were ripped off,
and also now liable for your use of the number. The FTC warns about this
increasingly popular scam, and more information can be found on their website.
Some companies even claim that they can obtain you a new social security number.
Do not fall for any of these claims as they are false and if you do apply for new credit
fraudulently it can come back to haunt you, as you can not use these number to try
to obtain new credit.
Conducting research while you are looking for a credit repair company is the best
option. You will want to make sure that the credit repair company you hire only uses
legal credit repair methods and gives you a realistic timeframe to obtain initial
results and complete the job. One of the top credit repair companies is Credit
Restore USA, located in Miami Beach, FL. They offer an excellent credit repair service
that is both affordable and effective. Contact them today for a free no obligation
consultation. With their credit repair service you will be on your way to improved
credit.