Common Myths of Credit Repair
We’ve just added a page on the subject Common Myths of Credit Repair.
The page discusses the questions consumers ask every day about Credit Repair:
When I pay off a past-due account, such as a charge off or a collection account, will that repair my credit?
If I succeed in repairing a negative item, will it come right back on my credit report?
Are there negative listings, such as bankruptcies and foreclosures, that are impossible to repair?
I’ve heard that repairing the credit report is easy and any consumer can do it himself for the price of a few postage stamps. Is that true?
If I declare bankruptcy, will it repair my credit and can I begin my credit report all over with a clean slate?
Can I file a “100-word statement” on my credit report explaining my side of the story and will creditors read my statement and consider my credit
repaired?
By changing numbers in my social security number or by using an EIN tax number, can I repair my credit and fool the credit bureaus into creating a completely clean, new credit file under my name?
If I build enough good credit, will it offset my bad credit and repair my credit?
If I’m having trouble paying my bills, can I go to Consumer Credit Counseling Service and will they help me to repair my credit
Is it illegal for creditors to take a negative, accurate listing off my credit report? They tell me that the law requires that these items remain on the credit report for at least seven years and that they won’t repair my credit.
How hard is it to repair my own credit?
This entry was posted
on Wednesday, August 29th, 2007 at 8:39 pm and is filed under Credit Repair.
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