When something is so important to people (like their financial future), there are bound to be many people with false information.
Additionally, the credit reporting bureaus do not make it any easier to clear up this misconception because they hold their practices and secrets very closely and do not tell anyone the actual methods they use for calculating your credit score.
However, in order to help clear up some of these credit repair myths, we have identified the top twelve credit repair myths and will provide you with more information on why they are not true throughout the book.
Credit repair myths
1. You can’t repair your credit by yourself because it is too difficult.
2. You must hire a credit repair agency or lawyer to help repair your credit.
3. You can repair your credit quickly.
4. If you check your own credit, it will count against you.
5. Bankruptcy is an easy solution to credit problems.
6. Some credit is so bad that it can not be fixed.
7. You can’t stop the collection agencies from calling you.
8. You only have one credit score to worry about.
9. Shopping around for a good rate on a car loan will hurt your credit score.
10. Getting married can hurt your credit score if your new spouse has bad credit.
11. If you pay off a collection agency, it will remove the negative damage from your credit report.
12. Credit reports are always accurate.
It can often be hard to figure out who is on your side and who is really just trying to make some money off of you.
This book will expose all of the secrets of the credit bureaus, the so-called credit repair agencies, and more.
These corporations are out to get your money and in order to do that, they keep their information secret.