Common Myths of Credit Repair

Click on the questions below for more information.
    		• If
    I succeed in repairing a negative item, will it come
    right back on my credit report?
    		• Are
    there negative listings, such as bankruptcies and
    foreclosures, that are impossible to repair?
    		• I’ve
    heard that repairing the credit report is easy and any
    consumer can do it himself for the price of a few
    postage stamps. Is that true?
    		• If
    I declare bankruptcy, will it repair my credit and can
    I begin my credit report all over with a clean slate?
    		• Can
    I file a "100-word statement" on my credit
    report explaining my side of the story and will
    creditors read my statement and consider my credit
    repaired?
    		• By
    changing numbers in my social security number or by
    using an EIN tax number, can I repair my credit and
    fool the credit bureaus into creating a completely
    clean, new credit file under my name?
    		• If
    I build enough good credit, will it offset my bad
    credit and repair my credit?
    		• If
    I’m having trouble paying my bills, can I go to
    Consumer Credit Counseling Service and will they help
    me to repair my credit?
    		• Is
    it illegal for creditors to take a negative, accurate
    listing off my credit report? They tell me that the
    law requires that these items remain on the credit
    report for at least seven years and that they won’t
    repair my credit.
    		• How
    hard is it to repair my own credit?
             

     

     

     

     

      

    When
    I pay off a past-due account, such as a charge off or a
    collection account, will it show "paid" and no
    longer be considered negative?           

      

    If
    I succeed in deleting a negative item, will it come right
    back on my credit report?          

     

    Are
    there negative listings, such as bankruptcies and
    foreclosures, that are impossible to remove from the credit
    report?              

     

    I’ve
    heard that disputing the credit report is easy and any
    person can do it himself for the price of a few postage
    stamps. Is that true?         

     

    If
    I declare bankruptcy, can I begin my credit report all over
    with a clean slate?        

     

    Can
    I file a "100′word statement" on my credit report
    explaining my side of the story and will creditors read my
    statement and take it into consideration?        

     

    By
    changing numbers in my social security number or by using an
    EIN tax number, can I fool the credit bureaus into creating
    a completely clean, new credit file under my name?         

     

    If
    I build enough good credit, will it offset my bad credit and
    make me credit worthy?        

     

    If
    I’m having trouble paying my bills, can I go to Consumer
    Credit Counseling Service and will they help me to repair my
    credit?       Is
    it illegal for creditors to take a negative, accurate
    listing off my credit report? They tell me that the law
    requires that these items remain on the credit report for at
    least seven years.        

     

    How
    hard is it to repair my own credit?
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