details as long as the job is done. As long as debts are being written off, and as your creditors and debt collectors are writing off these debts, they will also be filing the respective reports to credit bureaus.

 

8. A credit repair specialist/credit repair company which includes "credit counseling" in their name usually are just tools of the banks and creditors. They may not be any help at all as far as repairing your credit report.

 

9. Some (if not all) credit repair specialist promise to "clean up your credit" usually in any amount of time less than a 30-120 days. This is just highly unlikely. Legitimate approaches which may correct erroneous, misleading, or outdated entries on a credit file, negotiate with creditors, and teach better habits, take months if not years to accomplish significant results.

 

10. Most credit repair specialists promise to erase all your bad credit, which is a huge misconception. No one can legally remove accurate and timely negative information from a credit report. The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for this. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost.

 

Basically, if you have a bad credit report you have to do something about it. You can either do it yourself or have someone do it for you. If you're planning to do it yourself, make sure that you cover every detail. There's really no sense in doing a botched-up job because credit bureaus and your creditors will just hound you for every discrepancy in your credit report. If you're planning to hire someone to do it for you, make sure that he or the company is reputable, credible and authorized by the CROA (Credit Repair Organizations Act).

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