Credit Repair Myths Exposed 1#

If you've done any searching on the Internet for information
pertaining to Credit Repair, you've no doubt found that
there's a great deal available. Unfortunately, there's also
a lot of misinformation as well.

Let's take a look at some of the most common misstatements
you'll come across and examine them in detail.

MYTH #1 Credit repair doesn't work!

While it's true that credit repair is more art than
science that's not to say it doesn't work. If you
undertake to repair your bad credit score, there's never any
guarantee you can restore it to perfect status. But
sometimes you can, and in almost every case you can at least
affect some improvement in your credit score, and often
major improvement at that!

First of all, credit reports for the most part are filled
with errors. While there seems to be no general agreement,
it's estimated that anywhere from 1/3 (Attorney General of
NY) to as many as 90% (Charles Givens Organization) of
credit reports contain errors.

Removal of erroneous negative information alone will go a
great way toward improving your credit score. But there's
more to the story, which brings us to myth #2.