Credit

Checking Your Credit Record

What is the story behind companies that advertise their abilities to repair faulty credit histories? They sound too good to be true.

These "credit repair clinics" can help you review and update your credit record and report. However, their fees could be as high as one thousand dollars, whereas you can deal directly with a credit bureau on your own. If your credit report has an error, you may correct it yourself for free or at very little cost. If the information in your credit report is accurate, only better management of your debts can offset the negative record and only the passage of time can remove it. Be very suspicious and careful if a credit repair clinic promises that it can remove accurate records of bankruptcy and bad debts from your credit record or if it promises to get you credit. In general, if a credit program sounds too good to be true, it probably is.

>>What do credit bureaus do?
>>Do credit bureaus ever report one person’s record instead of another’s?
>>May I look at my credit record?
>>Do I have a right to see my credit record if it contains adverse information about me?
>>What does a credit report look like?
>>What may I do if I believe the credit bureau has incorrect information in my file?
>>How does the process of challenging inaccurate information work?
>>What is the story behind companies that advertise their abilities to repair faulty credit histories? They sound too good to be true.


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