The Facts and Myths of credit restoration
Myth: Information is on your credit report for 7 years regardless of the accuracy or inaccuracy.
Fact: It is true that information can remain on your credit report for 7 years, but if it is not accurate and you dispute it properly it can and legally must be removed from your credit file.
Myth: One of the myths of credit restoration is it takes a very long time to remove inaccurate information.
Fact: In our experience the removal of inaccurate information does not take as long as others quote. Instead of results in 12 or more months with other firms at Edit Your Credit we start to see results in as little as 3 to 5 months. Of course, some circumstances may take longer, but we realize results much faster than other services.
Myth: Credit Bureaus are on your side and are helpful when there are inaccuracies in your credit report.
Fact: Credit bureaus are a for-profit business and profit from selling your information to credit issuers. The fact is the lower your credit score the more profitable you are to the credit bureau. If you are a credit 'risk' then you will be charged more in interest and fees and the credit bureaus know this and charge accordingly for this information. They have a vested interest in not removing inaccurate information from your file.
Myth: The information is wrong in my credit file and the credit bureau will gladly remove this wrong information if you dispute it.
Fact: In the eyes of the credit bureau you are guilty as charged until you prove you are innocent. Simply disputing information is not going to remove the information. The credit bureaus dispute area personnel are trained to deny your dispute first and discourage you from even attempting to get the information removed.
Disputing information the right way will eliminate this problem and this is where Edit Your Credit comes in to play. We know how the system works and have proven results in getting inaccurate information removed. Do it the right way by hiring us to do it for you.
Myth: You cannot dispute accurate information on your credit report.
Fact: You can dispute anything you wish on your credit report. If the balances are wrong that information can be disputed. If the account is listed as delinquent when it is not that is disputable. Accurate information may not come off your credit report, but inaccurate information must be removed.
Myth: credit restoration services are a scam.
Fact: There are certain unscrupulous credit restoration firms in the market place. Like any business you have good people and bad people. Those people who tell you to start with a new identity or promise a new credit file are lying to you and are encouraging you to break the law. Sometimes there is no quick fix for credit issues.
Myth: I can do the same thing that credit restoration services can do.
Fact: Possibly, if you know how the system works, but the fact is we have a time tested system that works. We know how, when and what to do in each and every case. Sometimes when you try to do it yourself you cause more damage to your situation. Do it right the first time, hire a professional.
At Edit Your Credit we take what we do very seriously and take a personal approach to your situation. To us you are not just a number, but a client and we want to know your dreams and goals. The better we know you the better we can help you.