Credit Doctor Tricks Of Credit Repair Services |
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If you have a bad credit history, you'll
naturally be tempted to fall prey to anyone promising you that your bad credit history can be washed away (for a substantial amount of fees). Most expensive credit repair services thrive on this frailty of the hapless people with bad credit, who do not realize that if there is a black stain on your credit history, there is no one who can remove it. There is simply no easy way to remove bad credit. You should beware of such credit doctors, who charge $500-$1000 to fix bad credit that you can do for yourself for free. If you find that the credit doctors or their salesmen seem to be over-hyping their abilities and promising abnormal financial benefits of their credit repair services, just drop the whole deal without a second thought. Credit Doctor Trick #1 Credit repair services thrive on the law that if a credit bureau does not respond to requests within 30 days, they must remove the disputed items from your credit report. They inundate the credit bureau, disputing all the bad stains on your credit report in the hope of bogging down the system. The credit bureaus would ultimately stagger under the pressure of so many frivolous disputes and they would default on the 30 day limit. The credit bureaus have got wise to these tricks of the credit doctors and are now permitted to ignore or refuse such frivolous requests of the credit repair services. As such you can, probably, handle this credit repair job yourself and for much less money, as the credit bureaus can determine very quickly about the validity of the bad marks on your credit report. Credit repair services have now become much less effective than what they used to be, because of their constantly disputing every item on your credit report. If you equip yourself with the information that is being given here, you r chance of success will not be any less than that of the credit doctor's. Credit Doctor Trick # 2 This is something that you can do yourself. It is well known that unless a creditor who had put a bad mark on your credit report agrees to its removal, the credit bureau cannot do anything about it. So, it is better that you approach the creditor yourself and explain your position in a calm and thankful manner and seeming like a distressed client in need. If there is an erroneous bad mark on your credit report, the creditor will readily agree for its removal. For complicated issues, you may have to try some other credit repair services tricks. Basically you have to explain convincingly the circumstances that led to your late payment of bills such as some mitigating circumstances like non-receipt of the bill in time. You could point out that you did pay the bill when you received it or when you found out that it was due. If you make a 5 minute phone call and try to put forward your reasons convincingly, you might get off the hook. It does work in most cases but you should not be afraid of hearing No as an answer. That does not signify that you have lost. Many creditors might agree if you negotiate to pay them back in full if they get your black mark removed, as they would save on the collection agency charges. You should practice what you want to tell them and also anticipate their answers. You must get in writing whatever has been agreed, before you pay, as they might get your payment and still leave the black mark on your credit report. Credit Doctor Trick #3 You could simply write your own letter to the credit bureau and dispute the bad marks. You could be lucky if they can't reply in time or if the creditor went out of business or has been bought over by another company with badly maintained records. In all these circumstances the credit bureau will reach a dead end and will be forced to remove your black mark. This trick is worth a try, if others fail. |
