1) According to the latest figures, the average American has a credit score of 677. If that same individual's credit score rose to just 720, that family can save, on average, $421 per month or $5,052 per year on house payments, car payments, credit cards, etc.



2) A lot of people ask whether credit repair really works. The simple answer to that is, "Yes, absolutely." Millions of items have been removed from credit reports, and tens of thousands get deleted every single day (i.e. late payments, collections, bankruptcies, and foreclosures get deleted). A study released by the U.S. Public Interest Research Group in June 2004 found that 79% of the consumer credit reports surveyed contained some kind of error or mistake.

3) Most people have never heard of The Fair Credit Reporting Act that guarantees the credit repair process to you, the customer. To avoid being scammed demand the credit repair company to comply with The Fair Credit Reporting Act.

4) The Credit Repair Organizations Act also guarantees that credit repair organizations must give you a copy of the Consumer Credit File Rights Under State and Federal Law before you sign a contract. They also must give you a written contract that spells out your rights and obligations.

5) Read these documents before you sign anything. And before signing, know that a credit repair company cannot:

* Make false claims about their services

* Take your money unless they have finished the promised services (Not half way; but completely)

* Perform any services, and even after your signature is on a written contract, they must complete a three-day waiting period

During this time, you can cancel the contract without paying any fees.

Be sure the contract specifies:

* The payment terms for services, including the total cost

* A detailed description of the services the company will perform

* The total length of time to achieve the result (Otherwise, they can keep charging you for more than you intended)

* 100% guarantees the company offers

* Company name and address