The topic of credit can be confusing for the vast majority of consumers across the United States. This is due to the fact that a significant amount of factors add up to determine your credit scores. Most of us know that it is important to pay our bills on time in order to maintain a good credit rating, but what about all the other stuff that goes into it? There are a vast variety of claims floating around out there regarding what can raise your credit scores and what will lower them. The following information will help you separate the facts from the fiction. So without further ado, here is the number one (1) biggest credit report myth exposed.
Credit Report Myth #1: It Takes A Credit Repair Company 12 Months Or More To Fix Your Credit
Credit repair does not happen overnight. You cannot simply wave a magic wand and make your bad credit disappear in a cloud of smoke. Keep in mind that it took a bit of time to ruin your credit, and it also takes a bit of time to fix your credit. That being stated, if a professional credit repair company claims that it will take a year or longer to fix your credit, chances are they are charging you based on a monthly fee instead of a flat fee. Some credit repair companies charge their clients a fee that is based on the amount of items that are removed from the credit report, and or the amount of settlements that they negotiate.
The bottom line is that it should take a professional six (6) months on average to repair your damaged credit from start to finish. The process includes reviewing your credit report, contacting any of your creditors that are reporting wrong or old information, and contacting the major Credit Bureaus to check if those corrections and updates were made. A legitimate credit repair company should also be able to negotiate settlement amounts for any outstanding debt that you have with creditors and collection agencies within the six (6) month time frame.
When all is said and done, you should notice a considerable increase in your credit scores when all of the work is complete. Working with a reputable credit repair agency is not a cost; it is an investment in your future. If you are told that it will take a year or longer and the company is charging you a monthly fee, do not walk away, run away. They are stretching out the time frame for their financial benefit.
If you feel that you are being treated unfairly by a creditor or collection agency, please contact us immediately. Legal Rights Advocates, PLLC is a consumer advocate law firm that focuses on consumer rights protection services across the Unites States. We have well over twenty-five (25) years of combined experience helping consumers that are experiencing Debt Collector Harassment, Social Security Disability issues, and a whole lot more. LRA is truly your consumer rights advocate. We take great pride in the fact that our job is to protect you from deceptive and or abusive debt collection practices.
Our goal is to assist you each and every step of the way regarding your rights for consumer protection. Please call us today for more information at 855-254-7841 or click here for a FREE Case Review. We look forward to working with you.
(855) 254-7841
(855) 254-7841
