Fixing Your Credit for 2021

 

  You often can find non-profit credit counseling programs offered through:  credit unions universities military bases U.S Cooperative Extension Service Branches ( nifa.usda.gov/extension ) Where can I learn more? Learn more about debt and credit-related issues at ftc.gov/debt.

 If a company promises to create a new credit identity or hide you bad credit history or bankruptcy. It's also a scam. These companies often use stolen Social Security numbers or get people to apply for Employer identification Number from the IRS under false pretenses to create new credit reports. If you use a number other than your own to apply for credit, you won't get it, and you could face fines or prison. Where do I report a credit repair Scam? If you have a problem with a credit repair company, report it to: your state Attorney General ( naag.org ) or local consumer affairs office. Many states have their own law covering credit repair companies. the FTC at ftc.gov/complaint or 1-877-FTC-HELP. The FTC can't resolve individual credit disputes, but it can take action against a company for breaking the law. Is There anything else I can do to improve my credit? It takes time to improve your credit, but you can rebuild your credit by paying your bills by the due date, pay...

 What if I pay a Credit Repair Company, and it doesn't live up to its Promise? sue the company in federal court for your actual losses or what you paid the company, whichever is more. seek punitive damages-money to punish the company for violating the law join other people in a class action lawsuit against the company. How do I know If I'm dealing with a Credit Repair scam? insists you pay it before it helps you. tells you not to contact the credit bureaus directly tells you to dispute information in your credit report you know is accurate tells you to lie on your applications for credit loan doesn't explain your legal rights when it tells you what it can do for you. These are all bad ideas, and they'll hurt your credit.

  What is a credit repair company? People hire credit repair companies to help them investigate mistakes on their credit reports. Credit repair companies can't remove negative information that's accurate and timely from your credit report. Is using a credit repair company a good idea? Anything a credit repair company can do legally, you can do for yourself at little or no cost. Only time and a personal debt. repayment plan will improve your credit. What does a credit repair company have to tell me? your legal rights in written contract that also details the services they'll perform your three day right to cancel without any charge, and provide a written cancellation form. how long it will take to get results. the total cost you'll pay any guarantees