The TRUTH About Credit Repair...

-by Scott McQuate

(C) Copyright Scott McQuate

All Rights Reserved

http://paxeon08.niesong.hop.clickbank.net

Have you ever wondered what companies

send you when they claim you can erase

bad credit overnight? How about those

ads that say you can get any major

credit

card without a deposit or a credit

check?

Ads abound almost everywhere

these days (online and off) selling

books, systems and secrets to

help you fix your credit. Many

of these programs have claims

which read like the covers of

supermarket tabloids:

"In 3hrs my credit score jumped

from 580 to 676!"...

"Erase bad credit and smash your

debts with just 2 Magic Letters!".

Are these types of claims ALWAYS

too good to be true? The answer is

"Yes and... no".

While many people would love for

you to believe the only thing that

can fix bad credit is time; in

reality... nothing could be further

from the truth. The fact is, time

is only one factor which can fix

a credit report, but it's a far cry

from being the only factor. How

can I back this up? Easy.

Under a consumer protection law

known as the Fair Credit Reporting

Act (a.k.a. the FCRA) the only

negative information which can

remain on your credit report is

not what is accurate... but what

can be proved as accurate under

the FCRA. What's this mean

to you?

It means any negative item on

your credit report can only remain

there if it is accurate and CAN

BE PROVED AS SUCH under the

guidelines of the FCRA. This

undisputable fact presents

consumers with both good

news and bad news.

The good news is that through

the FCRA your credit score can

most likely be improved dramatically

in a very short period of time with

only a modest amount of effort on

your part.

The bad news is that while the

actual "work" will take very little

of your time, it is vital that you

have good information on "how"

to go about it. This is the bad

news; 9 out of 10 courses on

restoring your credit will do nothing

more than lead you into snake

pits because they will provide

you with what the industry refers

to as "Boiler Plate" dispute letters.

These are nothing more than form

letters and... quite frankly (more

bad news) the Credit Bureaus and

Creditors will laugh at you if you

try to use them.

While I agree with the Federal Trade

Commission (FTC) that "Anything a

Credit Repair Clinic can do for you

legally, you can do for yourself at

little or not cost"... the key element

you need for success is the latest

inside techniques and procedures

to get the results you want. This

involves strategies such as "Proof

of Contract", "Constructive Notice",

"Challenge of Procedure" or

"Restrictive Endorsement" and many

others.

All these terms may "sound" impressive

but they are really quite simple. In

the

end, it is nothing more than a method

of communication which exercises your

consumer protection rights, gets the

results you want and raises your credit

score. Even more impressive, once you

learn how simple it can be by doing it

for

yourself, you will find there is a

fortune

to be made doing it for others! Either

way, it all starts by requesting a free

copy of your credit report here:

http://www.AnnualCreditReport.com

In the next segment we'll talk about:

"Is Your Credit Score Costing

You A Fortune?"

The "CREDIT SECRETS BIBLE" has been in

print since 1994 and is published by

Consumer Publishing Group.

For more information on the "CREDIT

SECRETS BIBLE" you may visit:

http://paxeon08.niesong.hop.clickbank.net

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