Credit Repair: Separating Fact From Fiction
It is not always easy to know the best way to deal with debt and credit problems. Most people would want to wipe the slate clean, but do not know how to do it. The facts of credit repair are often quite different from the fictions people have created in their minds.
Fiction: You have to pay huge amounts of money to get your credit repaired.
Fact: Some companies will charge high fees. Some even demand that you pay them money for the debts and then never send the money to your creditors. You can save yourself all this money by doing the credit repair yourself.
Fiction: You have to sign up with a credit report service to get a look at your credit report.
Fact: Those services offer some special features besides a simple credit report. Some, for instance, offer identity theft protection through alerts when someone uses your credit in an unusual way. However, you have the right to get one free credit report from each credit bureau each year. You can get them spaced out through the year to work on your credit repair.
Fiction: The best way to repair your credit is to sit down with a credit report and pay all the debts listed.
Fact: Almost anyone who gets a credit report will find something on there that does not belong to them. What is more, you can continue to work on credit repair even after you have disputed the obvious mistakes.
Fiction: There is a limit to the number of debts you can question.
Fact: The truth is that you could question every debt on your credit report no matter how many there are. The credit bureaus realize that mistakes are made. Mistakes, in fact, are made quite often. Finishing your credit repair may depend on this reality.
Fiction: There is a limit to the number of times you can question a particular debt.
Fact: The number of times you can question a single debt is limited only by your imagination. You cannot repeat a reason for questioning a debt if you have been satisfactorily answered. However, you can question the debt on other grounds. That is one tool in completing credit repair.
Fiction: Credit repair is best left to lawyers.
Fact: Most lawyers do not actually repair your credit. They advertise that they will help you do away with nagging creditors and escape judgments. The way they do this is not by fixing your credit, but by helping you file bankruptcy.
Fiction: It will take many years to repair your credit.
Fact: It does usually take several months to do the job. Yet credit repair rarely takes longer than a year or two to complete. As long as you are persistent and understand the process, you can get it done fairly quickly.
By sorting out the fact and fiction of credit repair, you can begin to get an idea of what is possible. Once you have explored your options, you will see that you can probably take care of your bad debts by following the correct procedures.
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How do I get the truth /facts about my claim from my lawyer?
a demand letter went out to the person at fault auto insurance company well over 90 days in Georgia…..my lawyer has'nt contact me so I called him , his receptionist tells me she's my new case manager and that she will call them to see why they havent made an offer, she adds the the lawyer may or may not have already spoken to them , she had no way of knowing due to the lawyer having my file…..I asked her who was the adjusters name she gave it to me ! and said I've dealt with him before he 's pretty good at getting back to me , SHE said she left a message for the adjuster to call her back…Do i have the right to call the adjuster myself , can I do that or would that be a big no no…..Since then I've called the attorney and got only his voice mail and left a message ……it,s been 4 days now and he still has,nt called be back nor anyone from his office….this is a very well known firm …..and he is working on my case based on 40% contingency……against Statefarm insurrance.
it's an personal injury case and i just called for an update and was transfered once she asked who was calling i was transfered to his the case managers voicemail very quickly! p.s. I still have damage to my back that the chiorprater could not fix my upper back ! which bothers me at least two to three times a week!
Thank you all for your postings do know they are a help to me!
Thank you all for your postings do know they are a help to me! I was aboard the area transit bus here in Macon when a driver talking on her cell phone ran a red light and crash her car into the bus , serveral others were hurt too! and transported to hospital as well as myself!
im in macon,georgia near savannah,ga
About Author
Joseph FeRoss is a leading expert in credit repair and provide great credit repair services. Visit MSI Credit at http://www.msicredit.com
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