Credit repair agencies offer the assurance of a better life with an improved credit rating. The good news is that a 1996 law passed by Congress titled the Credit Repair Organization Act has helped to clean up the industry. Under the statute, consumers are entitled to a written contract describing the terms and conditions of the agreement including guarantees of performance. It also gives consumers three days to change their mind and cancel any agreement they sign with a credit repair organization.
Always a good rule of thumb: if it sounds too good to be true, it probably is. Consumers should also be aware that applying for a new Social Security Number to run from past credit mistakes is not a realistic solution. The government has strict rules regarding this matter.
Fortunately, if there are genuine mistakes or outdated items in your report, you can fix them with a credit repair agency. We are relentless in notifying the credit bureaus of the problem and provide as much information about the error as possible. The bureau must, at no cost to you, investigate the disputed information. The bureau then will correct any mistakes or delete information that cannot be verified. Perseverance is key. Often, results can be realized within 60 days.
