What You Should Know About Bad Credit Repair
Bad credit repair is unknown to many. They see credit repair ads on TV from companies and law firms that offer to clean up their credit reports for a price, but that seems a far off goal that is only attainable through these experts. What they don’t know is that this is something they can do themselves for only the cost of postage. There is nothing special that a ‘law firm’ can do that you cannot.
The one thing they do have on their side? Knowledge! Knowledge of what the laws state and how to apply them. But this is something that you can learn through Internet resources and studying the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). Once you know what creditors, collection agencies, and credit reporting bureaus can and cannot do, you will be more effective towards your own bad credit repair than any law firm or company can be.
The laws in the FCRA & FDCPA were made to protect consumers, and can assist you with bad credit repair, but many consumers do not even know that they exist. This is mainly because most consumers also don’t know that they have a reason to know about credit laws or that they may have a reason to need bad credit repair.
Many would be shocked to discover that the major credit reporting bureaus have a 70% error rate, 30% or more are significant errors that can cause a consumer an unfair denial of credit. That is actually when many people begin to take a closer look at their reports-when they get an unexpected denial from a mortgage or auto lender-and learn about bad credit repair.
What could these people find when they check their credit reports? Accounts that are not theirs, paid items being reported as unpaid, reported late payments that make no sense, and delinquent account that are far past the 7 year reporting period. The only way to get rid of these things, accurate or not, is to learn about bad credit repair. Although the words ‘bad credit repair’ may make you shudder, in the eyes of a lender, what is on your credit report is truth. So, even if you don’t really have ‘bad credit’, you need to learn how to fix your credit reports in order to get that unfair account taken off of your report and restore your borrowing reputation.
Even if you don’t need to fix your credit now, it is always a good idea for you to be aware that it is a possibility should you ever need it. More importantly, it is important for you to know that bad credit repair is something that you can do on your own without paying anyone. All it takes is a little bit of time and research to make sure you are familiar with the laws and the steps you have to take to put bad credit repair to work for you.
anonymous
http://www.articlesbase.com/finance-articles/what-you-should-know-about-bad-credit-repair-78662.html
Should I start a credit repair service?
I have been aswering questions for people on and off of the Internet and I have gotten at least twelve people asking me to help them with their finances. I am thinking it might be worth it to start a credit repair company. Most people are willing to pay $50 -$70 a month for my services. What should I do?
I have a buddy who started a business where he will take a person's credit report and dispute all of the charges for you, file the paperwork, etc. He says on average creditors don't respond within the required 30 days about 80% of the time. He charges about $200 for this service and makes a very nice living. Go for it!
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you can have your own credit repair business withour company. We pay you $200 per transaction or sale. You will get a website like this one http://wtecreditrepair.com Also you get your own mortgage company, real estate training and more. To sign up go to http://rstinson.prowealthresults.com and you have to upgrade to take advantage of all these offers.
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Go to http://www.score.org/ to find the nearest SCORE chapter. Contact them to arrange for a free one on one meeting with a SCORE counselor about how to start a credit repair service.
SCORE is a nonprofit organization. They provide a public service by offering small business advice and training. .
SCORE's 10,500 volunteers have more than 600 business skills. Volunteers share their wisdom and lessons learned in business. The volunteers are working/retired business owners, executives and corporate leaders.
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credit repair services are rip-offs
Do you really want to rip-off money who can't afford
to pay their bills already?
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I'd forget it… it's like taking advantage of people who aren't aware that FREE help is available to them. Do something that creates some excitement for you… and you'll sleep better at night knowing you're not ripping people off.
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