The Truth on Credit Restoration, Credit Repair, and Credit Counseling Services

Contrary to what the credit bureaus would like you to believe, credit repair does work and can work for 100% of people in most circumstances.

This is, of course, provided you are getting the best advice and have an experienced professional working on your case. 
Anyone with a credit score below 800 can benefit long-term from the advice and information provided through credit repair; however, there are times when your limitations make adhering to this advice impossible. The two limiting factors are: 

1. Your financial situation 
   
2. The time frame you need to reach your results
   

It is possible to remove anything from a credit report, including accurate items, if the creditor does not adhere to rules, laws, and regulations. Just because you have a specific type of account removed at one time does not mean other similar items are going to be able to be removed, even with the same circumstances. A hit-or-miss aspect exists in credit repair because credit repair relies not only on the strategies of the person attempting to repair the credit but also on the effectiveness or ineffectiveness of the creditors and credit bureaus in adhering to laws. 

Sometimes you want the creditors and credit bureaus to follow the law, and sometimes you don’t. It all depends on your particular situation. Credit repair has received such a bad name due to the abundance of scam artists who flock to the easy money made available by people desperate for this service. This unfortunate reality leads the credit bureaus (Equifax, Experian, and TransUnion) and the Federal Trade Commission (FTC) to make blanket untrue statements such as, “Credit repair does not work ever, and there is nothing a credit repair company can do for you that you can’t do for yourself.” 

Given that more than 90% of credit repair companies are scam artists, promising the world and disappearing when you pay, the credit bureaus and the FTC are forced to make such bold statements. It would be impossible for them to explain the truth to consumers without causing them to make a wrong choice that would result in them getting scammed. As a result, the credit bureaus and the FTC must adhere to the “credit repair does not work” position.

As we have stated, credit repair does work, but don’t let anyone tell you that credit repair is effective every time. Its success varies with the number of players in the game, some of whom never perform consistently. Even if you have a true master of credit repair on your side, you have to consider that sometimes the other players perform in a way that throws your master off their game. 

Take Shaquille O’Neal. Although he can win every game for his team, there will be times when the other team has a formation that takes him off his game and causes his results to be less than optimal. Given that fact, you still cannot predict whether or not he will perform well or poorly the next time he faces that team. Credit repair is similar. Sometimes the opposing side shows up intensely; other times, they don’t. 

Even if you follow the same approach with every situation when doing credit repair, your results will still vary due to the other players involved. So the next time someone tells you they can get everything repaired on your credit, run the other way because, at best, the pendulum will swing both ways for the same situation widely. Credit repair limitations occur almost 100% of the time under certain conditions. 

These situations make it nearly impossible for credit repair to help someone needing results within six months to a year. Please keep in mind even when you can’t be helped in the short term, the advice that can be given now, if coming from a professional, can prevent you from making a mistake soon that may worsen your situation. Here are examples of situations where little can be done within six to twelve months:

1: If more than 50% of the negative accounts on the credit report appear as unpaid collections, charge-offs, repossessions, or foreclosures, you do not have the money to either pay the accounts in full or settle them, due to the unpaid negative accounts, these items will reappear (resurface) on your report once removed. Any negatives, even outstanding accounts, can be removed, but unless the negative account is current, paid, or settled, it will reappear in 10-90 days. Unauthorized (identity theft) items don't apply to this.

The only way to prevent this is to bring the account current by paying the past due amount, or, in the case of a collection, charge-off, repossession, or foreclosure, pay the balance in full or settle it for pennies on the dollar. Unpaid accounts that do not have a collection, charge-off, repossession, or foreclosure status require only that the past due balance be paid to be considered current. Unless the negative account is a public record, ensuring the status is current, paid, settled, transferred, or sold is the only way to keep it from being re-reported. In other words, if deleted, any negative account that does not show one of those five statuses will most likely get re-reported unless the account is a public record.

Public records are the only negative items that need not be paid to prevent re-reporting. Because they are only reported once, public records, such as unpaid judgments and tax liens, can remain outstanding and will not reappear once removed. The only time they would reappear is when the initial reason for removal was the public record agency failing to respond to the credit bureaus’ verification request within the 30 days outlined by the Fair Credit Reporting Act, in which case the credit bureau would reinsert the public record if and when the public record agency responds to the credit bureaus after those 30 days.

2. Credit repair is nearly impossible if you can’t pay your minimum monthly payments and keep adding new late payments to your report. This “spinning wheels” scenario rarely improves your credit score.

In conclusion, you can repair your credit if you hire an expert and listen to their professional advice. The effectiveness of the credit repair depends not only on the skill of the professional you hire and your ability to cooperate with their advice but also on a bit of luck, prayers, and all blessings.

About CreditRepairEnforcers.com: 
Get the benefits and experience of a firm that concentrates on helping people with credit problems without paying huge setup fees. Credit Repair Enforcers has successfully removed erroneous, unverifiable, outdated, and inaccurate information from our client’s three credit reports for over 20+ years. We assist with all things credit repair and credit building. We have helped people who need assistance with personal, business, and corporate credit repair and credit building. Credit Repair Enforcers fight for your credit rights!