The scams by these so called credit repair agencies became so ram-pet in the past few years, the government enacted the Credit Repair Organizations Act to govern the business and protect consumers from unscrupulous practices.
At the same time, creditors and the credit bureaus reacted swiftly to close the loop holes exploited by those trying to "repair their credit". In this day and time, if anyone tries to tell you they can remove negative information from your credit report, regardless of the validity of that debt, beware!
The best approach to improving and maintaining your credit score is to become an informed consumer and focus on rebuilding your good credit name. The Credit Rebuilding Process is a three step process where the consumer:
- Ensures that the information in their credit report is accurate.
- Disputes any incorrect or outdated negative items with the credit reporting agencies.
- Develops a plan to lower their debt, increase their available credit and raise their credit score.
I do not repair credit, I teach those looking to improve their credit rating the proper way to rebuild their credit reputation quickly and efficiently to reach their financial goals and long term credit success.