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Ifyou are considering using one of the credit repair companies, I urge you toreconsider. I will give you the disadvantages of using a credit repair serviceand the advantages of doing it yourself. Please don't be fooled into believingthat you don't have time to do this yourself. While these companies promisequick credit repair, there is no rapid credit repair. The process takes alittle time. Consider this; from the time the credit bureaus get your initialdispute, it takes approximately 30 days for them to respond. If the creditagency did not budge or claims that the information is correct, you're looking atanother 30 difficult days with the creditor. Even if you win the dispute withthe creditor, it may take an additional 60 days for a new item to disappearfrom your credit report. A number of these companies that promise fastcredit repair have been extensively scrutinized by the FTC. (I stronglyrecommend you go on the FTC site and check their take on all the credit repaircompanies, as a matter of fact many states are cracking down on thesecompanies.
Ifound in my research that most of these services are in violation of the law.The reason for this law is because there is no guarantee that they can clean upyour credit. Most of these services will charge a monthly fee. There is noguarantee that anything can clean up your credit. See where I'm going withthis? Do you have money to throw away? At this point you have to see the mosteffective way to repair your credit in terms of time, cost, ROI, and mostimportantly, in terms of control and results.
Sometimes,these companies can actually damage your credit. One point I want to stress isthat everything these agencies can do for you, you can do much cheaper fasterand with more control. There is a standard form that is used by these agenciesand then sent to the credit companies via certified mail. For what they willcharge to do this, you can certainly do it yourself. These agencies bank on thefact that most people do not know how to repair their own credit. . When you seek the help of an outsideagency to help you clean up your credit, many times you will have waived yourconsumer rights under the Fair Credit Reporting Act (FCRA). This is anothermajor disadvantage for you!
Wouldyou like to own a home some day? Buy acar?Rent an apartment? Have you had difficulties obtaining these things or othersdue to bad credit?Well, there is hope! You can repair your credit? yourself! ?Bad Credit'NO Problem!? offers are available everywhere, but unless you take steps to keepyour credit ratingon the right path, you run the risk of costing yourself even more money? thevery thing you can least afford! For those with bad creditratings: DO NOT FEEL ALONE! Alot of us have been in your shoes. Repairing your credit CAN be done and more importantly, youcan do it YOURSELF!