The Unfortunate Truth About Credit Repair Agencies

The other business model is Unsecured Consolidation Loans charge a monthly fee, such as $29, $50, $100, or even $200 a month to repair your credit.

2. Organize Same Day Cash Advance Loans Negative Marks

As a consumer and a citizen in America, we depend so much of our lives on credit and the credit scores that we have built or destroyed over the years. The unfortunate reality of trying to get out of the credit mess is not as hard as you may think it is, but putting our trust in the so-called "credit repair professionals" is probably the worst move anyone with bad credit can actually make.

I have recognized two business models of credit repair agencies. There may be more, but Same Day Payday Loan - Fixing Money Problems this we'll talk about the two that I recognized. The first model is to charge a lot of money up front to start the repair process. Typically, $3,000 to $7,000 to repair your credit. It's funny because I can imagine most people with bad credit don't have that kind of money to rebuild credit.

You can get your free credit report at www.AnnualCreditReport.com. This includes your report, but NOT your credit score. I recommend getting your credit report and credit scores from www.Transunion.com.

Now, a credit repair agency is in business to what? Make money right?

1. Get your credit report

Ok, so you have bad credit, what's the first thing that comes to mind on who to turn to? Yes, most of us turn to the "professionals" for advise and guidance in the credit repair process. Now, there's nothing wrong with that but let's look at their main goal to supposed help you repair your credit.

Ok, that's it. My recommendation and suggestion is to do the credit repair process yourself. It's easiest than you think and you can do it far more quickly than you ever imagined.

The Unfortunate Truth About Credit Repair Agencies

So you're probably asking yourself, "Ok, so what do I do to start to repair my credit?" Great question. Did you know that you can do the same exact Extinguish Bad Credit Creditably and process that they do yourself. In fact, there's no magic to repairing your credit it's just a matter of doing it.

Let's look at the business model of a credit repair agency...

Let me ask you a question...

Here are some steps to take to start the repair process:

If you were the owner of a credit repair agency and your whole goal was to make a lot of money, would you want your customers Expert Warns-Consumers Beware of Misleading Reverse Mortgage you $50 a month for 2 months or $50 a month for 2 years? If you said 2 years, you are exactly right.

3. Send Proven Credit Repair Letters To The Three Bureau's

Knowing that, would you want to drag the credit repair process as slow as possible or as fast as possible? Slow, right? well, that's exactly what credit repair agencies do - they drag the process. This dragging of the process is how they make their money. Fifty dollars for two How to Get Business Financing in a Tough Credit Market is $1,200.00 and a lot of time.

Now, you want to see what on your credit report can be removed. The easiest negative marks to remove are inquiries, then late pays, and then onto the more difficult deletion items like judgments and possibly bankruptcies.

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