1) Consumers Cannot Repair Credit Score By Themselves

Category: Finance, Credit.

1) Consumers cannot repair credit score by themselves.

All the information that you need to clean your credit like the pros is easily accessible at www. 1800aaacredit. com. This is actually not true. And you do not have to pay thousands to achieve a good credit score. 2) If you get a bad item removed from your credit, it can easily be put back on. Paying off old debt settles the creditor but does not clear your credit report of the bad item. The truth about this misconception is that if you follow the rules of the Fair Credit Reporting Act and dispute erroneous items on your credit, it cannot be put back on your credit. 3) Paying off old debt or charge offs according to credit bureaus removes it from your credit. But it is possible with a little information, to wipe any charge- off from your credit. 4) Credit Bureaus are a government agency.

This makes them liable for damages therefore if you follow them with the law, rather than risk a law suit they will most likely settle and clean your credit. 5) Credit Bureaus are required to remove any erroneous items from your credit after 7 years. Many people have the perception that this is the case, but actually all three credit bureaus are private companies. This is true but what people don t realize that the 7 years begins from your last delinquency which therefore can extend this time even past 10 years. The opposite is actually true. And that is a long time to be without good credit. 6) Information on your credit cannot be changed by disputing. Any dispute presented to the credit bureau has to be verified and confirmed by the bureau within 30 days which after they have to remove the item from your report by law.

This is unfortunately true, if you have a couple of inquiries then it is not too bad, but anything more and creditors will see you as desperately seeking credit from anyone who is giving it. This is quoted under the Fair Credit Reporting Act. 7) Inquiries into your credit can damage your credit. Learn how to clean your credit at http: //www. 1800aaacredit. com.

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