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3 Tips to Choose the Best Credit Repair Service

By Link Robertson

Many credit repair services make it sound as if all you have to do is pay them and your credit report will be fixed. However this is not true, below is a criteria you should use when choosing a service.

Do Not Pay Large Fees

Many services will charge large upfront fees. Instead look for more standard rates such as $179 for a start up fee and then a monthly fee of $100 or less. Some services will charge per action, I do not suggest this as your fees can add up quickly to more than $100 / month.

Also you should avoid a company that says you must make a large upfront payment, these companies are typically not effective services and are looking to make a quick buck at your expense.

Look For Refunds Not Guarantees

Credit repair can not be guaranteed, esspecially upfront. This is similar to a defense attorney guaranteeing that you will be found innocent of a criminal charge - IT CAN NOT BE DONE

I strongly suggest you avoid any service that make a guarantee, instead look for a refund policy or warranty. Many good services will offer a refund if their service is ineffective or you are not satisfied.


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MyCreditGroup Achieves Fair Credit Reporting Act Certification

MyCreditGroup announced today that its entire credit repair staff achieved the
Consumer Data Industry Association's Fair Credit Reporting Act (FCRA)
certification.

The effort underscores its commitment to practicing the highest degree of
ethical business.

"Participating in this certification program is not only good for our
company, but I believe necessary if our industry is to be given real
credibility by financial professionals and consumers," said Marc Chase, founder
of MyCreditGroup. "The credit repair business is often looked down upon
because many firms have less than stellar reputations in customer service. It's
our job to be the model for how credit repair service companies should operate,
and we take this leadership position very seriously."

The FCRA certification exam is an interactive online training course
designed to
ensure companies and their employees that deal with the FCRA and consumer
reporting issues understand the basic concepts and provisions of the law. The
course
curriculum is divided into six modules:


-- History of the FCRA
-- Consumer Reports
-- Disclosure
-- Identity Theft
-- Enforcement and Penalties
-- Taking The Final Exam


More information about the FCRA certification program is available at
www.cdiaonline.org.

The Consumer Data Industry Association (CDIA) is the trade association for
the credit reporting information industry. The CDIA, with Experian, Equifax, and
TransUnion, is the creator of E-Oscar, the web-based dispute and verification
system currently in use by the credit bureaus and participating data
furnishers. The Fair Credit Reporting Act Certification Program has been
developed by
the CDIA to provide in-depth legal and procedural education for credit
industry professionals.

About MyCreditGroup:

Founded in 2000, MyCreditGroup is one of the most experienced credit
repairand consulting service firms in business, and has helped more than 15,000
individuals to manage their debt and personal finances better. The firm's open
and transparent customer service process covers every aspect of its
operations, from how its fees are disclosed to how it empowers its clients to
improve their personal debt management capabilities. For more information,
visit www.mycreditgroup.com.

Copyright 2008 by MyCreditGroup, Inc. All rights reserved.


Tags: Credit Restoration, Credit Repair, CRF

Why the 'Debt Settlement' Business Is a Scam

Posted By:John Ulzheimer
Topics:Bankruptcy | Debt | Credit Cards | Credit

"On the Money" ContributorJohn Ulzheimer is a nationally recognized credit expert and contributor to On the Money. Learn more at Credit.com or JohnUlzheimer.com.

Q. There are several companies offering to cut your debt in half and make one low monthly payment. If you are carrying large amounts of debt is this an option? How bad will this hurt your credit and for how long? I can't seem to get a straight answer on this. --Darrell S.

Ulzheimer: Hi Darrell. I don’t normally use the word “hate” but in this case I have to do so. I hate that debt settlement companies are allowed to use deceptive marketing like this. It’s my opinion that a lot of these guys belong in a 5x9 cell for what they are doing to consumers who are in desperate situations. Here’s the truth about debt settlement companies…

- The first thing they require you to do is stop paying your bills. This causes your credit scores to tank and might even get you sued by the lender or their collection agency. That’s not in their marketing literature or television commercials. Their theory is that they are going to make your credit card issuers desperate so they can ride in on their white horses and offer them some smaller percentage as a settlement. Of course, you can do this yourself.

- Next they ask you to start paying into a fund that they will use to pay your creditors eventually. Of course, you can do this yourself.

- There is no guarantee that your lenders will accept any settlement offers. Of course, they don’t tell you this in their ads.

- They don’t tell you how much of your money they keep as their fees. Of course, they don’t tell you this in their ads.

- They certainly aren’t truthful that settlements are just as damaging for your credit reports and scores as collections, judgments, tax liens, repossessions, charge offs, foreclosures, and repossessions.

Link to Original Article:

***Keep all this in mind.

AFI

The Best Credit Restoration Company



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A College Degree is important to achieving real success in life. Now is better than later. Research online colleges if you cannot take the time from job and family to attend a "brick and morter" university.

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Automotive Finance F&I Insurance

The Credit Restoration Factory exists to help restore good credit to good people. We have created the Credit Restoration System. The system is tailored to the individual needs of each client and the results of our personal touch will amaze you.

Our CommitmentAt the Credit Restoration Factory, we treat our clients with courtesy and integrity. We guarantee a realistic, credit repair plan and honest financial advice that will achieve results. Our consistent track record of uncompromising ethics instills confidence and trust.

We use personalized cutting edge technologies to help remove negative items from our client's credit reports. Our goal of restoring our clients good credit and keeping it restored will become a reality.

Email to: CreditRestorationFactory@yahoo.com

A Credit Repair Plan that works

THE PLAN:


In 1992 I went through a Chapter 7 Bankruptcy. In it, I included a luxury car that I couldn't afford and had no business buying in the first place, several installment loans and a bunch of credit cards.


My credit was the absolute worst out there, I thought, until I got a promotion from car salesman to Finance Manager. Over my many years as a Finance Manager and now Finance Director, I've seen it all.


I have long since learned how to repair my own credit bureau and have helped many other people do the same.


It was easy for me to get a loan application approved for someone who had good credit, or even "ok" credit. The challenge was to convince the banks that they should loan $30,000 to a customer who clearly had no interest in paying any of their bills either on time or ever.


As I am VERY good at my job, many customers with marginal credit are currently riding in new cars.


The majority of my customers were like I once was, ignorant about the workings of the credit system. Many times, I had to be a credit counselor. We laid the credit bureaus out on my desk, and using yellow highlighter, marked the areas in need of repair.


Many times, I helped the customers write their letters to the credit bureaus challenging the items of question.


The purpose of my direct involvement in all this was to get a future sale for the dealership. I followed up with these customers sometimes for up to a year to help fix their credit enough to get a new auto loan for them. This process bears fruit every month at my store.


Eventually, customers would tell their relatives and friends about my "services" and even though they had no interest in buying a car, would call and ask many credit questions and request my advice on credit repair.


One of the salespeople joked that I should open a credit repair agency and immediately it seemed like a lightbulb turned on.


The experiences that I've gained should be shared with the world. Every one who I asked for advice on starting this undertaking said that I need to open the doors of an agency to a very small test market.


Remember, I work a full-time job at a dealership and cannot help more than a small number of clients at a time. I am opening the doors to the agency today to fill an exclusive but limited client list.


If you would like personal attention, continue reading. In fact if you've read this far you should have a good feeling about what kind of person I am.


As an expert in my field, I will provide quality credit repair services. I know exactly how to repair a credit bureau with the specific purpose of purchasing a car or house in the shortest amount of time.


As a client, you will have access to my personal cell phone number and will be able to talk with me anytime during business hours. I will be your personal credit repair coach.


You can ask me any question about any topic. I will help you create a credit repair plan that will help you achieve your financial goals in record time.


To get more information, send a SERIOUS INQUIRY ONLY to: AutoFinanceInsider@yahoo.com.


Tell me about your situation, include what details you feel comfortable sharing. If you would like to leave a phone number, I might call instead of responding to the email as it is quicker and more personal.


I will not charge for easy fixes and general good credit advice.


For me to do the work for you, for you to put an experienced professional on your case, to get every error on your credit bureau's challenged and removed fast, you will need to register as a client.


To Achieve Client Status:

There will be an initial set-up fee of $197.00

I will dispute every error on each of your three credit reports using my proven techniques.

There will be a fee of $47.50 per item removed per bureau.

You can pay in advance or provide a credit card for payment.

Money back guarantee if not completely satisfied.


Research my qualifications by looking through the home page. Only an author who knows what they are talking about could write these things. Email when you are ready. I will look forward to talking with you and helping you ease your credit repair burden.

email: AutoFinanceInsider@yahoo.com

AFI