Be An Educated Consumer - CREDIT REPAIR
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TODAY'S SAVING TIP
Not always. Most mortgage lenders will look at reports from all three credit reporting agencies and credit scores calculated using information from each; but other lenders will use just one agency's report and one credit score. |
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CREDIT REPAIR: Be an educated consumer
Going to a credit repair clinic will not be of help to you. There is nothing any credit repair clinic can legally do for you – including removing inaccurate credit information – that you can't do for yourself for free, and their fees can be substantial, ranging from hundreds to thousands of dollars.
The Credit Repair Organization Act is a federal law that prohibits credit repair clinics from taking a consumer's money until they have fully completed the services they promised. It also requires such firms to provide consumers with a written contract stating all the services to be provided and the terms and conditions of payment. Consumers also have three days to withdraw from the contract.
ADDITIONAL CREDIT REPAIR RELATED FACTS
About "rebuilding Your Credit"
Credit Repair Scams - Recognizing An Advance-fee Loan Scam
Repairing Credit Using Credit Counseling Agencies
Credit Repair Scams - The Scam
Credit Repair Scams - Advance-fee Loan Scams
The Warning Signs
The Truth About Credit Repair
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