Can credit repair companies be trusted?

Credit is a way of life in America. Without good credit, you have to take your seat in the second-class section of our economy. But, if your credit is in shambles, you may not be willing to wait for seven years while your credit report repairs itself.

Is there anything you can do to speed your credit repair?

Many authorities, such as the news media, will tell you there is nothing you can do to repair your credit. Newspapers, magazines, and TV news journals all seem to be unanimous in discouraging you from making any effort to repair your credit before the seven year limit.

How do these journalists explain Lexington Law Firm? We have repaired over one hundred thousand negative items from individual consumer credit reports in the last two years. What about the thousands of Americans who have repaired their own credit? Why has the media repeatedly denied the possibility of repairing credit when substantial evidence points to the contrary? Who stands to gain from such a broad campaign of disinformation?

The giant credit reporting agencies (credit bureaus) have maintained a consistent public relations effort to dissuade you from repairing the information appearing on your credit reports. The credit bureaus are especially intent on steering you clear of "credit repair" companies that promise to help you repair your credit. The bureaus claim that these companies "cannot have accurate information removed from your credit report."

If you are like 70% of Americans that have less than perfect credit, you're sure to be interested in the truth about credit repair. If there were a legitimate alternative to seven years of credit denial, that alternative could mean early parole from the bad credit prison.

Many "credit repair" companies claim to remove negative credit with the flick of a wrist. Their advertisements make bold assertions and money-back guarantees: "Bankruptcy, tax liens, judgments... no problem!! One hundred percent guaranteed!! Credit report 100% cleared in 30 days!!" Can they really make such sweeping guarantees?

While some credit repair companies are outright frauds, others are not fraudulent and they use the dispute process to obtain impressive results. In fact, they delete thousands of negative credit listings every day. There is a company called, Lexington Law who has been doing it for 15 years.

Unfortunately, it is risky to trust anyone to help you restore your credit. It is estimated that fraudulent credit repair companies have bilked Americans out of more than fifty million dollars. The majority of credit repair companies were started by entrepreneurs with a penchant for marketing. Consumers have flocked to these "credit doctors" only to discover that their advertisements proved far more impressive than their results. Hiring a credit repair company is like playing Russian roulette. Many of them are effective and legitimate, but it is difficult to tell a rip-off from the real article.

So, can credit repair companies guarantee results?

Not a chance! No credit repair company is so good that it can guarantee a specific outcome. It would be like a defense lawyer guaranteeing that the jury will find his client innocent. Guarantees are a sure sign of credit repair fraud. A warranty, where the credit repair company promises a refund if certain results don't occur, is a better, more realistic claim. Lexington Law is a respectable company that we recommend.

Not surprisingly, the credit bureaus have declared war against the credit repair companies and those selling instruction on how to do-it-yourself. The bureaus lambaste credit repair companies in the media and send anti-credit repair literature to anyone whom they suspect of using credit repair services. The bureaus unflinchingly deny that accurate information can be removed from a credit report.

The simple truth is that you do not have to endure bad credit for seven to ten years as long as you feel comfortable challenging the accuracy or verifiability of your credit listings. If so, it is possible to restore creditworthiness within a much shorter time.

However you decide to address your credit challenges, realize that regardless of what you may hear in the news media, thousands before you have sought help and restored their credit. They can show you their homes, cars, and credit cards. Despite the newspaper articles, TV reports, and other credit bureau propaganda to the contrary, the simple truth remains: you can restore your credit.