FAQ's

Using a new social security number to establish credit is illegal and can land you in jail. Don't believe anything else you hear about this process. We've actually spoken to people who were convicted and sentenced. Just don't do it.

Many bankruptcy attorneys do not adequately understand or explain the effects of bankruptcy to their clients. Stated simply, bankruptcy is to the credit rating what the atomic bomb is to the battlefield.

When you file for bankruptcy, every credit account that you decide to include in bankruptcy will become an "included in bankruptcy" item. Additionally, a bankruptcy filing and bankruptcy discharge listing will appear in the court records section of your credit report. Because so many negative items are attached to the bankruptcy, it becomes very difficult to remove all trace of the bad credit. If at all possible, you should avoid bankruptcy.

The credit bureaus have cleverly spread this myth through the news media and government agencies to discourage credit repair.

Under the new Fair Credit Reporting Act (FCRA), the credit bureaus must follow strict procedures to notify you if they decide to re-report an entry on your credit report. These new procedures have reduced the frequency of the re-reporting of listings, and they have increased the risk of lawsuit for the credit bureaus when they do it.

Because of the obvious allegiance these companies have with the credit bureaus, you cannot reasonably expect them to do anything that the credit bureaus would frown upon, such as help you repair your credit.

In fact, if you decide to leave a debt consolidation program before you have finished it, they can list your failure to complete the process as a negative listing on your credit report.

Also, when you are participating in the debt consolidation, your creditors will often note it on your credit report. If you have perfect credit, and wish to keep it, you may not want to use a credit counseling/debt consolidation service. These services usually create negative listings because their process will generally make you late on your bills at least 30 days.

The fact that you resorted to a debt counseling program alone is a red flag for prospective credit grantors. Remember, paying off your debts is a step in the right direction, but it does not repair your credit.

When you speak with credit grantors, collection agencies, or credit bureaus, their typically under-educated staff may tell you all manner of pseudo-legal nonsense, like all credit items must appear on your report for seven years. The truth is that negative listings cannot appear on your credit report for longer than seven years (10 years for bankruptcies), but the credit grantor or the credit bureau can choose to delete the negative credit listing whenever they see fit.

The bureaus boldly deny that information can be removed from a credit report, when the truth is that it happens tens of thousands of times a day. Don't believe the propaganda!

The is the biggest myth about credit repair. Credit bureaus want you to believe this because they know you cannot achieve the same results alone as you can with professional guidance. This benefits them, but can only hurt you. They will even give you forms and web pages to use, but rest assured, these are deliberately designed to be ineffective, because they don't want you to repair your credit.

Disputing the credit report is easy. Getting results (and actually repairing bad credit) can be difficult, complex, and infuriating. The truth is, you CAN attempt credit repair without professional help. You can also perform surgery on yourself, although it probably wouldn't be wise. It's also not wise to attempt to correct your own credit report without the proper information and guidance.

Why go it alone, when for less than a hundred bucks you can benefit from the best credit repair program in the country?

Not only is credit repair legal, you are guaranteed these rights by the Federal Fair Credit Reporting Act. The credit bureaus try their best to undermine the process, but it was their misdeeds that caused the law to be passed in the first place. The Fair Credit Reporting Act is your defense against them.

The Federal Trade Commission receives more complaints against credit bureaus than any other type of business. If you call the FTC today to report a complaint about the credit bureaus, their phone mail system will ask you to press one if your complaint is about the credit bureaus, and press another number if your complaint is about anything else. Clearly, this situation evolved out of deep consumer frustration with the uncooperative nature of the credit repair process.

Not surprisingly, the credit bureaus have declared war against companies that help people repair their credit. The bureaus criticize these companies in the media and send anti-credit repair literature to anyone who they suspect is getting help.

Remember, the credit bureaus are primarily interested in protecting their profits. Investigating your challenge consumes these profits. The credit bureaus do everything in their power to discourage consumers from making progress with their credit repair, so you need to do whatever you can to protect your interests.