Do the Big 3 Credit Bureaus have you “under their thumb” thinking you can’t do anything to fix your credit score?

Credit Report Repair done right is legal, effective, and increasingly necessary in our “electronic” society.

Do you know the facts?

It’s sad to say, but computer databases seem to mess up credit reports more than they actually HELP them. In fact, 7 out of 10 Credit Reports are incorrect. Sadly, most people do not take positive action to correct these errors because they believe any number of worthless myths. What are these myths? There are too many to list on this page, but you can learn more about credit repair myths here…

Here are some facts about your credit report score or FICO (Fair Isaac) score. The most important thing to realize however is that while your credit report score is a simple, three digit number based on information that may or may not be true, it can hurt you financially in a wide variety of ways.

Fact 1: Failing to repair your credit score meaning can hurt you in a number of ways. For instance, a bad credit rating has a number of hidden costs. Totaled together over time, they can cost you thousands of dollars annually and tens of thousands or hundreds of thousands of dollars over your lifetime. Here’s how:

Your credit report score determines the interest rates you receive on mortgage and auto loans and credit cards. Your credit score can influence your auto or homeowners insurance rates - or keep you from getting insurance at all (the insurers are afraid you’ll stage a claim to get a “windfall”). Trying to get that “dream job”? Your credit report score can keep you from getting hired for a better job! They’re afraid you might dip your fingers in the cash drawer I suppose.

That’s why it’s a FACT that your credit score can make the difference between living well in retirement or continuing to pay off debt into what should be your “golden years”. Bad credit scores can eat away at your income from at least three different angles.

By increasing the expense of borrowing, increasing the cost of insuring your assets, and keeping you from obtaining greater income for your labor, errors on your credit report can increase your expenses, decrease your potential income, and given the time value of money (the opportunity cost of increased expense and decreased income) - credit score problems can make huge inroads into your lifestyle.

You may not be able to do much about how taxes or inflation eat away at your income, but you can fix your credit report score and remove inaccurate and prejudicial information. At least that is something you CAN control!

You can learn more about understanding the meaning of your credit report score here…

Fact 2: Your credit score can be destroyed through identity theft even if you are completely innocent. Frequently this goes on unnoticed long before you realize it unless you are monitoring your credit score and taking aggressive steps to protect yourself. Many only find out when they go to finance a new car or get a home mortgage. You can even be pursued to repay loans taken out in your name using your identifying information unless you protect yourself up front!

A comprehensive credit repair strategy nowadays must include tools to protect you against Identity Theft!

Fact 3: “Sticking your head in the sand” may work if you can wait 7 years for your credit report to “clear up” on it’s own. But since there’s nothing to protect you from new false information being added to your credit file, denial and avoidance are not recommended strategies! The 7 year time limit keeps getting extended.

Do you know your legal rights with regard to your credit score?

Right #1: “Credit Reports” are governed by Federal Law and you have a legal right to challenge their content for it’s accuracy. Learn more about your legal rights here and here…

Right #2: Items challenged on your credit report must be verified within a legally mandated time limit or be removed.

Right #3: You have the right to retain an attorney who specializes in the Federal laws governing your credit report to challenge inaccuracies in your credit file.

Right #4: You have the right to receive professional help from a credit repair attorney without paying large up front fees or outrageous hourly charges. Many lawyers charge $150 to $500 dollars per billable hour. Choose the right credit repair attorney and you’ll be paying a small fraction of these amounts per month!

Learn more about deleting bad credit information legally - even bankruptcies!

Note: Fighting the Big Three Credit Bureau “System” is serious business. You must understand your credit score meaning and take the proper steps to improve your credit report score. Please, don’t make any credit repair decision simply by what you read on a “website”. Some will promise you anything! Instead, protect your interests by calling to talk with a trained paralegal staff about the services they provide. Click here to talk toll free or by online chat… If calling, please write down the special reference number before calling to identify you as our reader!