Thursday, April 18, 2013

The Truth About Credit Repair Companies

The Truth about Credit Repair Companies
Many people have advised you to be wary of Credit Repair Companies. You were told that they can’t remove accurate tradelines, and that almost all negative entries will stay on the credit report for 7 years. Repairing you credit takes time. They go on to tell you that anything Credit Repair Companies can do, you can do for yourself at little or no cost. They imply and sometimes actually say that Credit Repair is only a scam.
What you should know is that all the characterization comes originally from Fair Isaac Corp., the developers of the FICO Scoring Model, and the three main credit bureaus. So methodical was their campaign that the State Attorney Generals, the Federal Trade Commission, various consumer groups, and the clueless media credit experts and reporters that gain their “knowledge” from news services and staff that research the topic by contacting the people who are creating the lies to begin with, and then, accepted their words without question. To prove their point, they hold up the scam operations that have ripped off the public. What they don’t tell you is that every industry has their share of unethical people. They even have influenced congress to write what I believe are restraint-of-trade laws that state, if you use or consult a credit repair company they can view your dispute as “frivolous”.
Why have they done this you ask? Changes to the credit model costs them money. In fact, they have a vested interest in you having credit scores lower than they should be. Their subscriber (your creditors), make more money off your debts that way. They are actually afraid of what credit repair companies have been able to do for their clients.
Professional credit repair companies are able to achieve better and faster results for their clients due to their experience and training.
At Credit Scoring Advisor we are the experts. We have trained and coached many credit repair companies throughout the United States and have spoken at numerous trade conferences on credit scoring and credit repair and have created several certification exams for the industry. You have continued access throughout our process to a recognized credit expert. Give us a call for a free consultation at 631-392-8685.

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