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Regardless
of who's to blame, whether it's your fault or theirs, YOU
can do something about it. You can restore good credit and
stop paying thousands of dollars in higher interest. You
can stop the rejections and become a part of the mainstream
again
Credit
Repair Tips and Myths:
There are plenty of companies that want to
keep this process a secret. One is the CR company. They
charge from $350.00 to $2,100.00 to do the same thing you
can do. In the last few years the secondary finance companies
have been making huge profits on people with bad or slow,
charging interest rates from 18% to 29%. I discovered that
two out of five people have either outdated or incorrect
information on their credit reports. Many people have information
on their reports that doesn’t even belong to them.
With millions of people in America, who all have social
security numbers, information gets mixed up all the time.
This is what makes CR possible.
I learned about credit restoration when a
friend of mine was trying to buy a car. He was in his twenties
and did not have a lot of history. He had one car loan,
which he paid off perfectly. The problem was he had an account
that had defaulted. Having this one bad mark on his report
caused him to get a 22% interest rate. Shortly after buying
the car he called a credit repair company from the phone
book. The company told him they would be able to help. They
gave him the information to order his report. After receiving
the report he went to the CR company for a free evaluation.
They would attempt to remove this one bad account for $750.00.
Before he left the office the CR representative told my
friend these vital words, “Anything I do to repair
your credit, you could do yourself”. When my friend
explained this to me I had to find out how! I started by
asking around a car dealership about this secret. I found
a book on CR advertised in a business magazine costing $200.00!
After one year of investigative work, I finally learned
the “big secret”. I wrote one letter, which
took 10 minutes, to a bureau. I disputed the account on
my friends report, and asked the bureau to verify the account
information. Since the account was a few years old, the
information could not be verified. The account was immediately
removed from his report. After receiving his updated credit
report, my friend went to his credit union and refinanced
his car loan at 8.5%, saving him over $100.00 a month on
his car payment. Also he saved $750.00 by not using the
CR company. I went on to help my friends and relatives with
their reports, saving them money on interest rates. Now
they can refinance their mortgage, and buy that new car
they always wanted.
To receive a copy of your report you can
order them directly from this site. It is suggested that
you get a report from all three bureaus. They are Equifax,
Experian, and Trans Union. If you have been denied credit
within the past 90 days, your report will be free. If not
there may be a fee, which may range from $8.00 to $10.00.
The bureau may request a copy of your driver’s license
and utility bill to verify your name and address. |
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