Credit Repair - Don’t Get Ripped Off, Choose SBFC Law Group

Many people nowadays are getting hosed when it comes to credit. Whatever you want to blame it on–recession or depression or just bad habits–it’s tough to deal with. The worst of it is that when the economy bounces back, you won’t have the credit that it will take to be a player in the game.

If They Say They Can Erase Bankruptcy, They Are a Fraud

Don’t spend a dime on some service that tells you they can wholly restore your credit. Credit restoration isn’t for everyone and if you have a bankruptcy, it’s not going away for about seven years. Any “legit” bad credit on your report is there to stay.

The First Step

The first thing that you need to do is to get your hands on all three credit reporting agencies credit reports that they have on you. It’s absolutely free because they have to each give you one on demand for free once a year.

Seven Years Past the Last “Action” On An Report

Keep in mind that bad credit other than bankruptcies and such can stay on your credit fro a period of seven years (past the last “action”) that was made on the account. See? Seven years after your last payment on that account, not seven years after the negative report placed on it.

Credit Reporting Errors are Extremely Common

The days when credit agencies can get away with a mistake on your credit report are gone. Learn the simple ways of challenging negative tiicks and use them if you find any mistakes like that. Trust me! Credit reporting mistakes are no stranger to credit reports.

Credit Cards - Good or bad. Both

In the end though, after you have done all that you can in that area, credit repair for the most part comes down to building new credit to counterbalance any bad credit you may have. Credit cards are a double edged sword. They are great for building good credit but in the wrong hands, they can also quickly trash a persons credit.

Written by Garth Dillon on June 26th, 2009 with no comments.
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