The Credit Repair Industry Is Shrouded With Misconceptions... |
There are reports that have been released saying that as many as 70% of all Americans have problems with negative information on their credit reports. That means that 7 out of every 10 people you know have some form of bad credit! Most of that information can be removed - the problem is that most people believe that negative information cannot be removed, or don't know how to do it correctly & legally. Here are just a few of some very common "credit myths" or misconceptions regarding credit repair: |
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Credit Myth #1 : Credit repair is too complicated to do on your own and is best left to professional agencies and attorneys. |
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| Fact : Credit repair is quite easy and can be done with very little effort. Credit repairing agencies and attorneys can cost hundreds to thousands of dollars - and guess what - they are using the exact same tools that are given to you in our CreditErasers.com™ Credit Repair Program. |
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Credit Myth #2 : Information that is being reported on my credit cannot be changed or removed, making credit repair impossible. |
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| Fact : False. According to The Fair Credit Reporting Act - any item that cannot be verified within 30 days or is not 100% accurate must be immediately removed by the credit bureaus. This is the foundation of most legal credit repair programs. |
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Credit Myth #3 : Paying off any collection or charge-off accounts will improve my credit because the debt is no longer owed. |
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| Fact : False. When you pay off any collection or charge-off's, those accounts will continue to hurt your credit the same as if you had not paid them at all. Those types of accounts are allowed to remain on your credit report for 7 years & will simply be listed as "Paid Collection," or "Paid Charge-Off". Our CreditErasers.com™ Credit Repair Program will give you the tools to remove the accounts completely and how to negotiate with collection agencies to make sure they are permanently removed. |
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Credit Myth #4 : Bankruptcies, judgments and foreclosures are impossible to get removed from your credit reports. |
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| Fact : Surprisingly, Bankruptcies are sometimes among the easier types of information to get removed from your credit report! These types of items have been removed time and time again for thousands of people...it is possible. When you are done reviewing this page, please take a look at our Credit Repair Testimonials. Learn how in our program. |
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Credit Myth #5 : Every time someone runs my credit, it hurts my credit scores. |
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| Fact : There is actually a little truth in the above statement. Whenever you apply for a loan or any type of credit, the lender will run your credit report. This will show up on your credit report as an inquiry. Having your credit ran a few times over a period of time will not harm your credit at all. Having your credit report ran by everybody in town can certainly hurt your credit scores. You should be able to safely run your credit 4-5 times within a 180-day period without it effecting your credit scores. If you happen to have a lot of inquiries on your report, our CreditErasers.com™ Credit Repair Program will show you how to effectively remove inquiries from your credit report for good and 'debunk' these common credit myths. |
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| This Fact Remains: The credit bureaus and your creditors would make you believe that there is nothing you can do about your credit history, unless there are legitimate errors. Do Not Believe Them. When you are aware of your legal rights and are equipped with the correct information, you'll be amazed at the things you can do to legally improve your credit record - even if you've tried before and failed. Credit repair is amazingly simple. |
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