Credit Repair and Debt Consolidation Company: Credit Repair Myth #1

Credit Repair & Debt Consolidation Software for all 50 states.


Credit Repair Myth #1 Credit reporting bureaus have no authority. Furthermore, they are governed by the Fair Credit Reporting Act and certain government bodies which outlines some of the practices they can and cannot do. The credit bureaus are like any other business. They exist to make money and they do so by selling a service. They are not in any way an official voice and they do have laws they must adhere to regarding your credit report.
Credit repair is one area that conflicts with the goals of credit bureaus because the credit repair industry actually costs credit reporting agencies money. Every time you request that a credit bureau agency prove the authenticity of a negative mark on your credit record, it costs that agency time and money to do so. This is why the credit reporting agencies have begun a campaign to stop credit repair by the individual and by companies.