Throughout this website you will find links to some of the best debt consolidation companies.
You will also be able to access various reports and articles the will help you understand things such as:
Is getting debt consolidation loan a good thing?
Where to get top consolidation loans
Credit Card debt and how to reduce it
Avoiding bankruptcy
Obtaining your credit report and how to go about credit repair
Credit counselors and counseling how do you find them?
Is there a way you can lower your bills and clean up bad credit?
Debt settlement can be a daunting task. How do you go about it?
The TRUTH About Credit Repair...
By Terry Price
(C) Copyright Terry Price
All Rights Reserved
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 does 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
