Have you ever seen these advertisements: “We can remove your
bad credit!” “Better credit score in six months!” “Create a new credit
identity!” Sadly, as great as they sound, they are not true. Credit repair can
take years when done correctly, but don’t let that be discouraging. Here are
some tips for navigating your credit!
If it sounds too good to be true, it
probably is.
No one can remove accurate information
from your credit report. You cannot legally create a new ‘credit identity’ and
your credit score will not go up 500 point in two months. Be careful of credit
repair scams and do your research on any company you are considering. Get a
list of recommendations from your bank or credit union and check with the
Better Business Bureau before selection a credit repair company.
You can get your credit report for
free.
You can order your credit report from
all three credit bureaus for free every twelve months. If you are headed to a
credit repair company, pull it yourself and bring it with you! No sense in paying
someone to do it for you when you can do it for free. Go to www.annualcreditreport.com to get yours today!
You can repair your credit yourself.
While going to a credit repair place is
helpful, you can also repair and build your credit yourself. If you are not
sure where to start ask your financial representative or seek out a credit
counseling organization who can direct you on what to do.
Use the internet carefully!
The internet is a wonderful thing but
not everything on the internet is true! Make sure when you are researching you
are using reliable sources and double checking facts! Try
www.ftc.gov/bcp/edu/pubs/consumer/cred13.shtm
for some additional credit tips!
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