SBFC Law Group Does Wonderful Credit Repair
It’s just a fact that more people today then ever before are being left licking their wounds with bad credit. It’s the recession/depression or whatever you want to call it. The real bad deal of it all, is that as soon as the economy turns around, you will be back in the game, so your bad credit rating will be a burden.
Only Scammers Will Claim They Can Erase a Bankruptcy
Don’t spend a dime on some service that tells you they can wholly restore your credit. Credit restoration isn’t for everyone and if you have a bankruptcy, it’s not going away for about seven years. Any “legit” bad credit on your report is there to stay.
The First Step
The first thing that you need to do is to get your hands on all your credit report from each of the three bureaus. As long as you don’t request the credit score, it’s free. Credit scores are about 8 bucks
Seven Years Past the Last “Action” On An Report
Keep in mind that bad credit other than bankruptcies and such can stay on your credit fro a period of seven years (past the last “action”) that was made on the account. See? Seven years after your last payment on that account, not seven years after the negative report placed on it.
Credit Reporting Errors are Extremely Common
The days when credit bureaus can get away with a mistake on your credit report are lost and gone. Learn the simple methods to challenge negative marks and use them if you come across any mistakes like that. Really! Credit reporting mistakes are no stranger to many.
Credit Cards – Both Good and Bad
After all, after you have done everything you can in these areas, credit repair comes down to building new credit to replace any bad credit you have. Credit cards are a good and bad sword. They are great for building good credit but in the used wrong, they can also quickly kill a persons credit.