Your credit, speaks before you do. In fact even employers check credit when making employment decisions. Imagine being denied a job that you are qualified for, due to poor credit. They say in life there are no shortcuts. Debt Consolidation companies vary in their ability to assist the end consumer. Again, as the mantra of this site has been from day one, do your homework.
The Truth About Credit Repair From CFSA
Only consistent efforts and making payments on your debts will improve your credit.
Beware of companies that:
* Promise to erase your bad credit or remove bankruptcies and judgments from your credit file. No one can have accurate information removed.
* Promise you fast and easy credit repair. If you have bad credit, it can take years to repair your credit legitimately.
* Offer to create a new identity for you. If you make false statements on loan applications, or use a fake Social Security number, you will be committing fraud. You can also be charged for mail or wire fraud if you use the mail or telephone to apply for credit and provide false information.
* Want you to pay for credit repair services before providing any service. The company might not be legitimate.
* Will not tell you your rights and what you can do yourself. Remember you can order the credit report yourself. If you see errors on your report, you can also request that the credit reporting agencies make appropriate changes.
Keep in mind, many states have laws that regulate credit repair companies.
This is a quick overview of things to consider when looking to request credit or repair damaged credit.
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