Ok it’s no secret credit repair is one of the hottest topics on the internet right now. It’s also one of the most heavily debated, scandalous and potentially damaging to your finances if you hire the wrong company.

Let me state for the record right now and I know what I’m talking about when I say
CREDIT REPAIR CAN WORK, BUT…

You do it the wrong way or worse yet, hire the wrong credit repair company to improve your credit score, you might be causing yourself problems much worse then when you first started.

Here is the deal. There is no secret weapon, magical letter or insider tricks to credit repair. Do not listen to anybody that says there is. It is simply a matter of knowing the laws, but more importantly, it’s a matter of actually using the laws to your advantage not just quoting them randomly.

I am going to completely FLIP OUT if I see another article written by some knucklehead  advising you to “use the FCRA to your advantage” by sending a credit repair letter challenging any negative items, then hoping they cannot verify the information in 30 days.

People please; we love our clients and we truly take a personal interest in helping every one of you get a fresh start. But if it was as simple as firing off those credit repair letters, don’t you think the whole world would have perfect credit?

There are hundreds, if not thousands of little sub laws that go much deeper then just that 30 day window loophole. The only way to know if those laws are being violated is to thoroughly go over every single aspect of your credit report.

So let’s get to the point of my article. If you decide to hire a credit repair company, the single most important thing you can look at to see if you are about to be taken by a credit repair company is to look at their sign up process.

If it looks like this I would run, not walk, but run the other way.

1) Sign Up
2) Forward your credit Report
3) Select Items you want to dispute
4) Sit back and let us do the rest.

I can’t even begin to tell you the flaws in this and why I think these people should be shut down. What I will do is give you a few of potentially thousands of reasons why this won’t work.

Your credit Report shows your Visa with a $1000 limit, when really its $2000
Did the above company investigate the real limit? Nope, you just forward the reports and then sit back remember?

Your gas card shows a missed payment last month, but you have the cancelled check
Did the above company ask you to send in any cancelled checks in that sign up process?

A collection letter you received didn’t have a mini Miranda
Did the above company ask you to send in any collection letters? Nope, just site back and relax.

A charge off is showing 2005 when you stopped paying in 2000
Did the above company ask for quiz you to discover your last payment date? Nope, you just sent your credit reports are currently sitting back.

I could go on for days but you get the point. With all that being said what do you think these  Knuckle heads are sending on your behalf? Here I’ll give it to you free.

Dear Credit Bureau,

The below listed accounts are not correct. Please investigate within 30 days under the FCRA and send me a copy of my new credit report.

Gas Card Acct#XXXXX    Was never late
Collection Acct#XXXXX   This is not mine, please delete it
Charge off Acct#XXXX    This is not mine please delete it.

Sincerely,

John Doe

Here is my point. Credit Repair can and does work for thousands and thousands of people. But if you’re going to do it yourself, do it right and please PLEASE don’t pay somebody to do a half assed job by sending that worthless letter on your behalf.