Even the Federal Trade Commission has stated right on their website that anything a credit reporting agency can do for you, you can do for yourself. All that is required is making sure to educate yourself properly with the right books and apply some simple techniques to take the time to Do It Right the first time and produce a better credit score.
There are only a few available books that can really help the average consumer to fix their own credit score and these books are well worth the small price. The ones with the ridiculous claims can provide amusement for you when searching for the real thing.
Some credit repair companies seem to hire marketing agencies who specialize in ignorance when it comes to the basic credit repair technique. You can easily find claims including “knock 300 points off your score in 48hrs.”, “Fix your score overnight” These agencies have lost the real point in building a good financial background and credit history and seem to be offering a quick fix with results than are unattainable to anyone. They also seem to have no problem charging their “clients” who they are helping upwards of $70 to “fix their credit” or consolidate their debt.
What about the long term picture? What about getting the right rates on that all important home or auto loan?
Bad credit when in financing can really hurt when it comes to your pocketbook. For example, Bob walks into the auto store to buy that all American vehicle for the average 30 year old driver, nothing fancy. With his credit in the condition it is since his job loss, Bob does not qualify for the rate he had figured. Even the average vehicle will cost between $5,000 and $8,500 more with his score.
Can you imagine what would happen if Bob’s girlfriend insisted he pop the question and buy that dreamhouse they had saved for? With his rates a typical home can cost between $50,000 and $130,000 more in interest. And to think that all Bob neede to save all that money was an education and he could fix his credit score himself.
In order to fix your own credit, you need to know not only credit basics, but also the insider tips and techniques that the credit repair agencies use to fix your credit for you. These are easily applied once you are shown how to do it through the right book and using the right letter templates and time-tested methods.
Credit report repair can be easy, can save you thousands of dollars and you can do it yourself and make sure to put yourself on a better road to financial freedom. Find out for yourself how simple it can be and read about more of these insider tips to get you started on your credit score education.
***The materials included in The Site are for general information purposes only and do not constitute legal advice. They are not intended to be a substitute for obtaining legal advice from legal counsel.
By: Amy Pedersen