What are unethical “credit repair” tactics?
• A new social security number is not the answer to your credit problems. Falsely obtaining a new social security number is a criminal offense. • A common strategy for many of these clinics is to dispute everything on your credit report, which calls for a creditor’s response within 30 days. If the creditor misses the deadline, the item must be removed from the credit report. However, consumer-reporting agencies will begin to flag suspicous disputes. • Accurate negative information cannot be legally removed from your credit report. However, by law you are allowed to dispute any incomplete, inaccurate or outdated information at no charge to you. This simply means that anything a credit repair service can do for you, you can do for yourself for FREE. In the end, only the passage of time can erase negative information.
Related Questions
- What happens if new, negative information - information that was not on my original report - is added to my report after Advanced Credit Repair has begun work on my behalf?
- What is the Advanced Credit Repair definition of "clearing up" a consumers credit report or improving their credit profile?
- What are unethical "credit repair" tactics?
