Identity Theft Consumer Information

CREDIT REPAIR

Credit Repair is the practice of improving or rehabilitating a consumer’s financial standing (creditworthiness) among creditors.

Poor credit is the primary reason that many consumers are denied for credit in all types of situations, or simply do not qualify for the ‘preferred’ programs, rates and terms. Credit card interest rates, auto loan rates, mortgage rates, apartment rentals and something as little as qualifying for a for a cell phone are just a few things that are affected by poor credit. Banks, insurance companies and employers all use your credit score to evaluate your value and ‘worthiness’.

Nearly 78% of all consumer credit reports contain inaccurate information.

The Credit Repair Organizations Act empowers consumers with the information to appoint a credit repair organization to restore their credit record, repair their credit history or improve their credit ranking. In other words, Credit Repair Companies provide services that aid in the restoration or betterment of a consumer’s creditworthiness.

There are three primary options to repair your damaged credit score and improve creditworthiness:

• Wait 7-10 years for the items to fall off your credit report
• Repair your credit yourself
• Use a professional credit restoration firm

Consumer’s that answer “yes” to any of the following questions may benefit from and consider Credit Repair Services:

• Do you need to renegotiate a better interest rate with credit card companies?
• Are there errors on your credit report?
• Have you been a victim of Identity fraud?
• Is a relative or spouse’s credit information showing up on your credit report?
• Are you about to begin working with a financial planner?
• Do you need to refinance your home, but can’t qualify for a better interest rate?
• Do you need to improve your insurance premium rates?
• Are preparing to improve your debt structure?
• Are you about to apply for a new job or position?

Can the average consumer repair and restore their credit? Sure, there is nothing a credit repair service is going to do that the consumer can not do themselves. But, can you imagine the average consumer handling a real estate transaction all by themselves? Like a real estate transaction, credit repair is a very bureaucratic, technical and consumer un-friendly process. Utilizing a Credit Repair Service is usually a matter of improving creditworthiness while saving time and money.

To Hire a Credit Repair Service: click here

Credit Repair Organizations Act