“Erase Bad Debt !” “Remove Negative Items From Your Credit Report”You’ve probably seen these headlines and others just like it promising to clean up or “fix” bad credit. For someone who suffers from a bad or poor credit rating, these headlines are certainly an appealing offer.
Imagine finally being able to buy that new car, get debt collectors off your back, and enjoy a new found freedom from your past debts.
Sound to good to be true ? It probably is. Once you fall prey to
credit repair offer and pay
hefty fees involved to clean up your record, here’s what happens:
1) The credit repair scam artist contacts
credit bureaus and reports that
negative information in your file is false.
2) The credit bureau removes this negative information from your report while they investigate
claim.
3) The scam artist will then show you
cleaned up version of your credit report and “ta-da” your credit history has been fixed !
But here’s what
scammer doesn’t tell or show you. After
credit bureau completes their investigation
negative information is placed back on your credit report.
Negative but accurate information cannot be removed from your credit profile. Only incorrect information can be removed.