Advertisements are displayed everywhere, such as newspapers, TV, and the Internet. They all say the same, they promise to repair all damaged credit reports for a fee. If you know that you are bad credit, you may be looking for these services, but these companies can not make promises to dispel your bad credit. After giving them hundreds of dollars, you know that nothing has changed and they will disappear with your money. There are good reputable laws, but it is ethical, but we need to be careful.
If the negative information on your credit report is accurate, the only thing that legally removes that information is time. Consumer reporting agencies can report accurate negative information to your credit report for up to seven years, bankruptcy for at least 10 years.
If negative information on your credit report is inaccurate, you can consult a consumer reporting agency. By law, you can request investigation of the information in the file. You can do this for free.
In many states, there is a law on credit repair companies. Law enforcement officials can help you recover lost money if you feel that you have suffered from a credit repair fraud. Do not be afraid to contact the Consumer Office, or the State Attorney General 's Office. Laws to help you in this situation are prepared.
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