Bad Credit Repair Techniques

Which credit repair service or credit repair company?

The term credit repair has been used very loosely. You may have heard of credit repair companies or credit repair services that promise to provide you with a completely fresh credit history. These credit repair doctors charge hundreds of dollars. However, many of these credit repair companies use bad credit repair techniques you should watch out for.

Beware of credit repair services and credit repair companies that use the following bad credit repair techniques...

New social security number or EIN

Your credit report is yours and all you can do is try to clean up some derogatories on your credit report. However, some credit repair companies help you get a new social security number or EIN (employer identification number), with which you can start a new credit history. This is illegal and fraudulent. Stay away from this.

Flooding credit bureaus with dispute letters

By law the credit bureaus have only 30 days to investigate your dispute of items on your credit report, some credit repair services and credit repair companies will flood credit bureaus with correspondence, sending them so many dispute letters that they have no hope of completing their investigation in time. 

Credit bureaus are then forced to remove the disputed information from your credit report. Although this method may work in the short run, it will hurt you and your credit report in the long run.

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