Some stuff stay on your credit for 7 or 10 years, there are ways to remove them much sooner. Many credit repair companies claim to clear your credit record. The strategy that those companies use generally works and negative items can be cleared years before the time limits set by federal law! Truth is that credit bureau doesn’t tell you that each item on your credit record must be proven for it to stay on your file. If the bureau can’t prove the item, it must be removed, even if it’s true!
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Your credit report is very important to your financial capacity and credit establishment. If you have already mishandled credit and are now trying to reestablish yourself, you should read this section carefully!
The following steps help you recover from your past mistakes. It takes time and know-how, but you can repair the mistakes, wipes the slate clean and start over with your new understanding know-how and determination.
The steps below explain how to correct some of the mistakes. The
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If you’re looking for a way out of your credit problems, don’t believe promises like these! Erase bad credit—100% guaranteed; remove bankruptcies and liens from your credit file. Beware of several so called credit repair companies that charge from $200 to as much as $1,000 dollars and promise to fix or repair your credit report! In most cases, these companies do very little in improving your credit. Remember the following:
1. Credit bureaus can legally report accurate negative
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Most credit card repair companies want you to believe that past collections on your credit report matters the most. So you will pay them thousands of dollars to remove past collections from your credit. The truth is they are not doing anything that you are unable to do yourself.
There are five factors that determine your credit score.
Factor # 1 average age of the account factor 15%
Factor # 2 the amount of revolving accounts and installment loans factors 10%
Factor # 3 the number of times
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