Credit Repair – Don’t Get Ripped Off, Choose SBFC Law Group
It’s just a fact that more people today then ever before are being left licking their wounds with bad credit. It’s the recession/depression or whatever you want to call it. The real bad deal of it all, is that as soon as the economy turns around, you will be back in the game, so your bad credit rating will be a burden.
Only Scammers Will Claim They Can Erase a Bankruptcy
Don’t spend a dime on some service that tells you they can wholly restore your credit. Credit restoration isn’t for everyone and if you have a bankruptcy, it’s not going away for about seven years. Any “legit” bad credit on your report is there to stay.
The First Step
The first thing that you need to do is to get your hands on all three credit reporting agencies credit reports that they have on you. It’s absolutely free because they have to each give you one on demand for free once a year.
Seven Years Beyond the Last “Action” On An Account
Keep in mind that bad credit other than bankruptcies and such can stay on your credit fro a period of seven years (past the last “action”) that was made on the account. See? Seven years after your last payment on that account, not seven years after the negative report placed on it.
Credit Reporting Errors are Extremely Common
The days when credit agencies can dodge you when there is a mistake on your credit report are long gone. Learn the simple means by which you can challenge negative credit and use them if you find any mistakes of this type. Believe it! Credit reporting mistakes are all too common.
Credit Cards – Good or bad. Both
Finally, after you have done what you can in these few areas, credit repair comes down to building new credit and replacing bad credit. Credit cards are a good and bad because they are great for building credit but if used wrong, they can also quickly kill a persons credit.
Filed under business by on Nov 8th, 2009. 
