SBFC Law Group Does Wonders for Credit Repair
It’s just a fact that more people today then ever before are being left licking their wounds with bad credit. It’s the recession/depression or whatever you want to call it. The real bad deal of it all, is that as soon as the economy turns around, you will be back in the game, so your bad credit rating will be a burden.
If They Say They Can Erase Bankruptcy, They Are a Fraud
Check it out. Do not waste “one penny” on any service that claims that they can restore your credit for you. That’s because if you have any bad credit on your reports that is “legitimate” then you are stuck with it. However notice the word legitimate.
The First Step To Credit Repair
The first thing that you need to do is to get your hands on all your credit report from each of the three bureaus. As long as you don’t request the credit score, it’s free. Credit scores are about 8 bucks
Seven Years Past the Last “Action” On An Report
Understand that bad credit other than bankruptcies and such can stay on your credit fro a period of time no longer than seven years (beyond the last “action”) that was made on the account. Get it? Seven years after your final payment on that account, not seven years after the negative report flagged.
Credit Reporting Errors are Very Commonplace
The days when credit agencies can get away with a mistake on your credit report are gone. Learn the simple ways of challenging negative tiicks and use them if you find any mistakes like that. Trust me! Credit reporting mistakes are no stranger to credit reports.
Credit Cards - Good or bad. Both
In the end though, after you have done all that you can in that area, credit repair for the most part comes down to building new credit to counterbalance any bad credit you may have. Credit cards are a double edged sword. They are great for building good credit but in the wrong hands, they can also quickly trash a persons credit.
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