lets say your credit is not the best in the world. What should you do now? Here are some tips from Colorado Springs Home Mortgage
Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a car loan, a home mortgage, insurance, or even a job once they pay them a fee for the service. The truth is, these companies can’t deliver an improved credit report for you using the tactics they promote. It’s illegal: No one can remove accurate negative information from your credit report. So after you pay them hundreds or thousands of dollars in fees, you’re left with the same credit report and someone else has your money. Make sure you know your rights
No one can legally remove accurate and timely negative information from a credit report. The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for this. Some people hire a company to investigate on their behalf, but anything a credit repair clinic can do legally, you can do for yourself at little or no cost. According to the Fair Credit Reporting Act (FCRA): This are the law
Credit repair information and free credit reports for debt consolidation and debt management counseling. Understand consumer credit counseling and debt consolidation credit counseling. Use low-interest credit cards for bill consolidation for credit repair and avoid bankruptcy using our proven, debt management techniques.
Before you sign a contract make sure yoy recive "Consumer Credit File Rights Under State and Federal Law", credit repair organizations must give you a copy of this. Make sure you have a written contract that spells out your rights and obligations its a requirment. Make sure you read all the docements before signing any contract, even the fine print.
The law is written to be on your side. For example, a credit repair company cannot:
So make sure you know your right about credit repair. You don't need to go to a credit repair company to help you with your credit repair. Everything can be found on the internet for credit repair. You can find people in the forum will help you for free. This will save you a lot for money.