subject: Free Credit Report Is Your Right [print this page] Credit repair, indeed is a true indicator of ones credit worthiness which is in sharp contrast to inaccurate credit reporting and unjust credit scoring models in practice. A bad credit situation almost always requires the services of credit repair companies which ensure an improvement in your current credit score. To reinstate a secure financial future, one has to make the right choice regarding credit repair services. Otherwise, chances are that he would end up at a position much worse than before, in terms of money and more importantly, time.
Like any industry, scammers are always on the prowl. Fraudulent companies prey on the most desperate of American consumers who are willing to cut costs at any cost. They are likely to jump into an offer such as free credit report. The initial belief is that these are new and improved means of getting your credit fairly reported. However, it is absolutely meaningless as the fed has already declared that everyone is entitled to a free credit report. The problem lies elsewhere. There is confusion regarding quite a few things. How? where? who? why? etc. are just a few of the commonly asked questions as regards securing a credit report. Confusion also runs haywire regarding the 3 in one credit report.
As there is no dearth of frauds that are constantly looking for an opportunity to cash in on this confusion, it is your duty to know who can really help you out. First and foremost, one has to get it clear that no profit making company of service can offer you a free credit report. PERIOD. If you have heard otherwise, you have heard it wrong. Moreover, there is an official website that allows you to get free copies of your credit reports at no cost. To top this, there are numerous strategies implemented by the fraudulent companies which s hassle some for the client. Three in one credit report is another fake promise made. Lured in with the fake promise of full proof results, all they can manage to get their hands on is distress.
A common characteristic of these fraudulent companies is to charge a huge sum of money and then either disappear with it or not perform the agreed. Fortunately, these cheats do not survive for long, to be shut down either by the law enforcers or the FTC. The BBBs (better business bureau) rating and its associated explanation is a good indicator of the credit repair companys credibility and professionalism. Moreover, one must also avoid companies making impossible claims removal of negative items from credit reports, lowering interest rates etc. are guarantees that are based on illegal transactions.
Worry about the real cost of being ignorant about credit rather than scratching your head about getting a free report! A little bit of knowledge can work wonders as you can now secure a financial future free of cost. No illegal bonds, no fake promises! It is about time you finally realize that your credit and its proper reporting would have a lasting impression on your family.
