Debt Views

In this world where fraud seems like a second language on the internet, we sometimes find it hard to trust companies we want to deal with. When it comes to repairing your credit, we know we must be extremely careful about who we choose to help us along our way.

Many companies claim to remove negative credit with the flick of a wrist. Their advertisements make bold assertions and money-back guarantees: “Bankruptcy, tax liens, judgments… no problem!! One hundred percent guaranteed!! Credit report 100% cleared in 30 days!!” Can they really make such sweeping guarantees?

While some companies are outright frauds, others are not fraudulent and they use the dispute process to obtain impressive results. In fact, they delete thousands of negative listings every day.

Unfortunately, it is risky to trust anyone to help you restore your credit. It is estimated that fraudulent companies have bilked Americans out of more than fifty million dollars. The majority of companies were started by entrepreneurs with a penchant for marketing. Consumers have flocked to these “credit doctors” only to discover that their advertisements proved far more impressive than their results. Hiring a credit repair company is like playing Russian roulette. Many of them are effective and legitimate, but it is difficult to tell a rip-off from the real article.

So, can we expect guaranteed results?

Not a chance! No credit repair company is so good that it can guarantee a specific outcome. It would be like a defense lawyer guaranteeing that the jury will find his client innocent. Guarantees are a sure sign of fraud. A warranty, where the company promises a refund if certain results don’t occur, is a better, more realistic claim.

Not surprisingly, the credit bureaus have declared war against the credit repair companies and those selling instruction on how to do-it-yourself. The bureaus lambaste companies in the media and send anti-credit repair literature to anyone whom they suspect of using those services. The bureaus unflinchingly deny that accurate information can be removed from a credit report.

The simple truth is that you do not have to endure bad credit for seven to ten years as long as you feel comfortable challenging the accuracy or verifiability of your listings. If so, it is possible to restore creditworthiness within a much shorter time.

However you decide to address your challenges, realize that regardless of what you may hear in the news media, thousands before you have sought help and restored their credit. They can show you their homes, cars, and credit cards. Despite the newspaper articles, TV reports, and other credit bureau propaganda to the contrary, the simple truth remains: you can restore your credit.