Business

I have worked in the credit industry for over 8 years. The credit repair industry is one that has been plagued with fraud and corruption. The three main credit bureaus, Experian, Equifax, and TransUnion control the destiny of many Americans who would like to make credit based purchases. I’ve also wondered why companies with this much power have a hard time not to be more responsible in how they report crucial information that effects people lives. The credit bureaus are publicly traded companies that generate revenue from selling our personal information to companies looking for customers to buy their products; essentially they are selling crucial information about our financial history. The credit bureaus are notorious for reporting wrong information on consumers credit reports, items such as wrong names, wrong address, wrong employment, items that you are paying on time, or have paid off are still being reported incorrectly. Many people looking to remove negatives information from their credit report have two choices, they can either do it themselves or use a 3rd party credit repair service. Anyone can repair their own credit, be prepared to buy lots of postage stamps and envelopes. You must be very tenacious and organized when trying to repair your own credit. I recommend using Excel spread sheet, and use a color coding method.

There are many companies that claim they help in the effort of your credit restoration, many of these companies are scams, and will charge an upfront consultation fee and you will never here from them again. Because of the current economic problems in the United States, many of these credit repair companies have been popping up and law makers have changed the laws to protect consumers from these scam artist. To find the most current laws pertaining to the credit repair industry you can check out the Federal Trade Commission’s website. I have personally repaired my own credit report using a series of letters that you can find on our website for free, these letters are free and are very effective if you may have a few negative marks on your credit report. Individuals who have may have had bankruptcies, lots of charge offs, late payments and inquiries may want to consider using a legal service, such as Law firm. They not only are they experts and know the laws but have removed millions of negative marks from consumer’s credit reports. Please feel free to visit our website with any additional questions you may have. Don’t Give Up on repairing your credit.