Fico Help Central

It’s time the Truth about Credit Repair is revealed. Have you ever wondered what you’ll receive from companies that claim you can wipe out your bad credit overnight? How about the ads that say you can get any major credit card without a credit check or deposit. Are they for real?

Ads like these are almost everywhere these days (on the internet or in your mailbox), selling systems, books and secrets to help you repair your credit. Many of these programs make outrageous claims which seem to be straight out of a “too good to be true” offer:

“In 4 hours my credit score jumped from 570 to 668!”…

“Erase bad credit and crush your debts with just 2 Magic Letters!”.

Are these types of claims ALWAYS too good to be true? The answer is Yes and No.

Most of these companies want you to believe that the only thing that can reverse bad credit is time. Actually, nothing could be further from the truth. Time is only one factor which can fix a credit report, but it’s NOT the only factor. Is there proof of this? Absolutely!

Under a consumer protection law known as the Fair Credit Reporting Act (a.k.a. the FCRA), the only negative information which can remain on your credit report is not what is accurate, but what can be proved as accurate under the FCRA. What’s that mean to you? It means any negative item on your credit report can only remain there if it is accurate and CAN BE PROVED AS SUCH under the guidelines of the FCRA. This undisputable fact presents consumers with both good news and bad news, which we’ll reveal in our next post in an effort to give you the truth about credit repair.

In the meantime, to learn more about how to dramatically Improve your Credit Score, visit my website at www.ficohelpcentral.com.

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