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Credit Repair Myths Exposed
If you have done any searching on the internet for information pertaining to "Credit Repair," you have no doubt found out that there's a good deal offered. Unfortunately, there's additionally a plenty of misinformation also.
Let's have a look at some of the most common misstatements you will come across and look at them in detail.
MYTH #1 "Credit repair doesn't work!"
While it's correct that credit repair is much more "art" than "science" that is not saying it does not work. If you take on to repair the bad fes credit repair customer service number - just click the following internet site - score of yours, there is never any guarantee you are able to bring it to "perfect" status. But often you can, and in almost every case you can at the very least affect some improvement in your credit score, and usually key improvement at that!
First of all, credit reports for the most part are filled with errors. While there appears to be no common agreement, it's estimated that anywhere from 1/3 (Attorney General of NY) to as much as ninety % (Charles Givens Organization) of credit accounts contain errors.
Removal of erroneous damaging information alone will go a fantastic way toward improving the credit score of yours. But there is more to the story, which sends us to myth #2.
Myth #2
"Negative info that can be verified can't be removed"
This's one of those statements which are "almost" true, but taken practically is misleading. As is often the case, the inclusion (or maybe exclusion) of just one seemingly little word makes the distinction in a honest statement, plus one that's not (or not necessarily) accurate.
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