Can you answer oLd5cho0L’s question about Credit Repair?:

I need help with credit repair. I have tried it on my own but have not been able to do it. I have been told these guys are really good. Just wanted to know if there is anyone else who has used them. Thanks.

Credit Cards For Repairing Credit

Can you answer sdgirljen’s question about Credit Repair?:

Would it be helpful to write a letter to the credit agencies with a copy of my divorce dicree outlining all of the credit cards that my ex husband was supposed to pay? My credit is horrible because of him, and I need to fix it! Any suggestions?

Home Equity Loans For Bad Credit

ad credit car loans no more stand as a nightmare. Auto Credit Superstore was founded to help people with less than perfect credit to obtain auto financing. We find you the best terms and conditions and your ideal car loan or truck loan. We are here to help you out with your Bad credit car loans. Our opinion is everybody deserves a second chance. Most of us have experienced hard times but that does not make us bad people! No matter what your credit situation is, there is a way to find you a car loan.

Things happen in life, illness, divorce, loss of work etc. Bad credit car loans can trouble anyone. You might have experienced - Poor Credit, Bad credit, No Credit, Bankruptcy. With a strong belief for a second chance for everybody, we treat every customer with the dignity they deserve. Our vehicle loan can change your credit life. So no more bad credit car loans taking off your good night’s sleep.

At Auto Credit Superstore our auto loan representatives carefully review every application. Before your application is submitted to any lender all aspects of your situation are carefully taken into consideration so as to be properly presented to the proposed lender. This guarantees you the very best loan rates available! We have years of experience and over twenty five million dollars in loans arranged. This can make you happy as you forget all your worries regarding bad credit car loans. In fact it can be said that bad credit car loans are a matter of past now.

Bad credit car loans can be a problem of anybody. We know what is the amount of stress; bad credit car loans can provide you with. Auto Credit Superstore realizes, we all need a vehicle, but not everyone has the credit needed to secure the loan for a vehicle. Our number one goal is to treat you with the respect you deserve regardless of credit history. EVERYONE DRIVES!

We are very careful not to hurt your credit in any way. Actually what happens, when you apply for any loan, it does affect your credit rating. Some car dealerships will send your application to all of the banks “hoping” one will approve you. This means your credit is pulled 5-10 times which is not good and may turn into a bad credit car loan. We do not do this! After carefully reviewing your information, we contact you; find out the details of what has happened in the past so as to submit you to an auto finance lender that will approve you! This avoids the unwanted pressures to your credit. To take you out of the situation of bad credit car loans & set you driving your own car is our motto.



Thanks to Auto Credit Superstore for contributing this article to our Credit Repair blog:

Check My Credit Score

 

In years past, the credit repair industry was tainted by fly by night credit repair clinics and other credit fixing scams. Despite the need that many people had to get help with repairing their credit, it was hard to find a credit repair company they could trust.

Today, the credit repair industry has matured thanks to increased awareness and federal regulation. The keystone of this regulation is the Credit Repair Organizations Act, also known as CROA. Recognizing the value of professional credit repair services, Congress enacted CROA in order to define appropriate actions of a credit repair organization and to outlaw many of the practices typical of a fraudulent credit repair clinic.

While there are still some fraudulent credit repair organizations trying to take your money, by understanding the basic ideas of CROA, you can easily identify these scams and make sure you avoid them. Knowing what things credit repair companies are and are not able to do, will keep you from becoming a victim.

Below are three key points of CROA and what they mean to you as you are shopping for a credit repair company.

1) Credit repair organizations cannot charge fees for services before they are rendered

Most credit repair scams start off the same way. You are required to pay a large upfront fee, often times in the range of hundreds or even thousands of dollars. Then, after you have made the payment, the credit repair company does little or nothing to repair your credit and in some cases, simply disappears with your money.

To keep you from becoming a victim of this type of scam, CROA prevents credit repair companies from charging for services before they have been provided. If a credit repair company charges a set up fee, they cannot collect that fee until after the task of setting up your case has been completed. If a credit repair company charges monthly fees, those fees cannot be collected until after a month’s worth of services have been provided.

Keeping this requirement in mind is probably the most important thing you can do to avoid becoming a victim of a credit repair scam. Even today there are companies like Champion Credit Consulting and Credit Clean who will try to charge you $795 and $1223 before they have done anything to repair your credit.

2) Credit repair organizations cannot make incorrect or misleading statements

Preying on the naivety and lack of knowledge of people looking to improve their credit, many credit repair companies entice people with claims of improving their credit score 100 points in 60 days or removing bankruptcies from their credit reports. The truth is that while it is possible for each of these things to happen, no credit repair company can promise that they will.

In fact, no credit repair company can promise to remove anything from your credit reports because ultimately, it is up to the credit bureaus what items are listed on your reports. Disputing credit is not failsafe. There are cases where no matter what you do, a particular negative item will not be removed from your credit reports.

Any company that promises to increase your credit score or remove any negative items from your credit reports is violating the law. According to CROA, and the nature of the credit system, the best any credit repair company can do is promise to put forth a best effort. Just like in a court of law, a lawyer can promise to work as hard as they can, but they cannot promise that you will win over the jury.

3) Credit repair companies must inform you of your rights

The credit system is not easy and many people do not adequately understand their rights within the system. This lack of education makes it easy for con-artists to prey on the unaware.

So you do not get caught off-guard, credit repair organizations are required to inform all prospective customers of their right to order their own credit reports and their right to dispute the questionable information they contain. They are also required to inform you of your right to cancel your credit repair service within 3 days of signing up for no reason and with no penalty.

When signing up with a credit repair organization, CROA dictates that you should be presented with a disclosure statement titled “Consumer Credit File Rights Under State and Federal Law”. This statement describes the rights mentioned above.

CROA has changed the landscape in the credit repair industry and has been very effective in helping the FTC identify and prosecute shady credit repair organizations. Because of CROA, you can feel confident that your money will be well spent when you enlist the services of a legally compliant credit repair company.



Thanks to Stuart Hunter for contributing this article to our Credit Repair blog:

Credit Report Monitoring

Credit repair has been an effective way of getting rid of late payments on your credit report. It  has become an important part of today’s life, as more and more customers fall victim to bad credit.

It can also be beneficial to someone who has just experienced large medical bills and doesn’t have the means to quit it. Credit repair is a legal way to improve and clean up your credit report.When well done, credit repair can make a world of difference to your financial situation, relieving you from worries that may have been afflicting you for a long time. It is not always easy to be accomplished, but fortunately there are taylor made solutions available to help everyone get out of its own debts.

Credit repair is not a quick process, and you will find that you are able to pay off your creditors given enough time. Credit repair services must follow specific guidelines from the Credit Repair Organizations Act, which are intended to protect consumers. Under this Act, credit repair companies cannot require you to pay until they have completed the services they have promised.

Of course, by paying off old debts and establishing and maintaining new lines of credit, you can begin the process of credit repair yourself. When used properly, credit repair services can not only help you to get caught up with your bills and on the path to a better credit score, but they can also help you to avoid bankruptcy and set you up to avoid credit problems in the future.

Online credit repair can work very well, if you find the right resources. One of the suggestions you will get from an online credit repair service is that you should pay as much as possible on your bills that have the highest amount of interest. With online credit repair, there are many ways you can find counsellors to help you without going through your bank, but these will charge a fee for the services.

Not all credit repair counseling services are legitimate.Therefore, try to search well before trusting one of those. The best approach to credit repair is first to get a copy of your credit report from the credit bureau. The good news is that credit repair is possible no matter how bad a financial situation might have gotten. Nonetheless, the process may take time, determination, and patience. It is however a rewarding process, because you will never look at credit the same way after you are done.



Thanks to Jim Hughes for contributing this article to our Credit Repair blog:

How To Repair Your Credit