What if you have bad credit. What can you do now? Here are some tips from Colorado Springs Home Mortgage
Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a car loan, a home mortgage, insurance, or even a job once they pay them a fee for the service. The credit repair comapny usally can not deliver an improved credit report for you using the tactics they promote. No one can remove accurate information on your credit report. You paid $1000 of dollars for, and you’re left with the same credit report and someone else has your money. Make sure you know your rights
No one can legally remove accurate and timely negative information from a credit report. The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. To you thier is no charge for this. Anything a credit repair clinic can do legally, you can do for yourself at little or no cost. According to the Fair Credit Reporting Act (FCRA): This are the law
Credit repair information and free credit reports for debt consolidation and debt management counseling. Here is some infomration on debt counseling and credit counseling. Use low-interest credit cards for bill consolidation for credit repair and avoid bankruptcy using our proven, debt management techniques.
By law, credit repair organizations must give you a copy of the “Consumer Credit File Rights Under State and Federal Law” before you sign a contract. They also must give you a written contract that spells out your rights and obligations. Before signing any contract make sure you read all the docements.
The law contains specific consumer protections. For example, a credit repair company cannot:
So make sure you know your right about credit repair. You can do all the credit repair yourself, their is no need to go to a credit repair company. For credit repair, everything can be found online in a forum. People in the forum will help you for free. This will give you the abilty to save a lot of money.
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