Credit Repair in Washington
Credit scores have become firmly woven into the fabric of U.S. society and are essential to every Washington resident. A negative credit history can add hundreds or thousands of dollars to a household's annual interest bill. For many others, standard features of modern life such as home ownership and the convenience of credit cards can be denied because of bad credit scores. Even educational success can be jeopardized when loan access depends on the acceptable credit scores of students and their parents. Scores are sometimes the basis for rejecting job candidates.
Credit scores are commonly used by all lenders and are becoming more prominent with employers, insurers, landlords, as well as cell phone and utility companies. The reality is that a first-class credit score is black and white. It is a mathematical formula that allows lenders to make a immediate decision on the consumer's ability to repay a loan, mortgage or credit card. Supporters of the system argue that it does not discriminate based on race, sex, etc. Those opposed to the system point out that credit scores fail to take tragedies such as medical emergencies or loss of employment into consideration. Although credit scoring is considered nondiscriminatory, many are skeptical that low-income workers, minorities and other segments of the population who can not access credit cards and mortgages may score less well than others. Another major concern is that the accuracy of credit reporting is not a priority of the big three credit bureaus and is thus suspect. Washington residents need help fighting the "big three" credit bureaus!
The good news is that both Federal law and Washington law favors the consumer. However, without the correct understanding of the Federal credit law or the Washington credit laws it becomes troublesome and time consuming for the individual to repair their own credit. The Fair Credit Reporting Act allows consumers the legal right to dispute items on their credit reports that may be inaccurate, out of date, incomplete or unverifiable. Additionally, The Fair and Accurate Credit Transactions Act of 2003 which modified the Fair Credit Reporting Act, requires the Federal Trade Commission (FTC) and other federal financial agencies to examine and report to Congress on both credit scoring and accuracy.
These are positive tools for the consumer but it does not include free credit reporting or the ability to simply dispute a low score. A good Washington credit repair company for Washington residents is National Credit Fixers. On top of that it is still up to the consumer to verify the accuracy and integrity of their own credit score. Unfortunately the FTC does not have the resources to help each individual consumer. The credit bureaus will surely not help you improve your score; they make more money off of people with atrocious credit scores! Think about it, the person with a negative credit score has to apply for credit more times than the person with a higher credit score. The credit bureaus make money by selling your credit report to lenders. The more times you make an application for credit, the more money they will make!
The process of credit repair for Washington residents can be gotten to through hard work and discipline. Easy methods, which can help you get out of mediocre credit history, can be quite tempting. However, these easy way outs can only lead to further difficulties in the future especially if they are done illegally. It is not worth the penalty of violating Federal law or Washington law in order to fix your credit. Work with a good Washington credit repair company to help you get the job done.
When you are in a challenging financial situation you may be wondering how to use a Washington credit repair company to help you fix your credit. But you need to be careful. Not all credit repair companies are created the same. In fact the majority will take your hard earned money and provide you with little or no credit improvement. If a credit repair company guarantees they will remove all negative information from your credit file - run - don't walk - away. Nobody can guarantee 100% results. Credit repair is a percentage game. Look for a reputablecredit repair company who helps Washington residents and historically offers a significant percentage of corrections / deletions.
Washington residents should do their due diligence when employinga credit repair company to fix your credit. First, check with the Better Business Bureau (BBB) for the Washington credit repair company. The BBB will furnish an unbiased report of how many complaints have been filed against the company in the previous three years. There are two things that you want to ponder here. First, if there are more than a dozen complaints over the preceding three year period, then this credit repair company has serious issues and you should be cautious. Also, if the BBB has no record at all on the business, just walk away from the business. Anyone who is hiding from the BBB should be looked upon with suspicion. Don't forget to ask for examples of the successes the company has had. A reputable credit repair company will have copies of investigation results (with personal information blacked out of course) that will show you how successful they can be.
Credit scores are commonly used by all lenders and are becoming more prominent with employers, insurers, landlords, as well as cell phone and utility companies. The reality is that a first-class credit score is black and white. It is a mathematical formula that allows lenders to make a immediate decision on the consumer's ability to repay a loan, mortgage or credit card. Supporters of the system argue that it does not discriminate based on race, sex, etc. Those opposed to the system point out that credit scores fail to take tragedies such as medical emergencies or loss of employment into consideration. Although credit scoring is considered nondiscriminatory, many are skeptical that low-income workers, minorities and other segments of the population who can not access credit cards and mortgages may score less well than others. Another major concern is that the accuracy of credit reporting is not a priority of the big three credit bureaus and is thus suspect. Washington residents need help fighting the "big three" credit bureaus!
The good news is that both Federal law and Washington law favors the consumer. However, without the correct understanding of the Federal credit law or the Washington credit laws it becomes troublesome and time consuming for the individual to repair their own credit. The Fair Credit Reporting Act allows consumers the legal right to dispute items on their credit reports that may be inaccurate, out of date, incomplete or unverifiable. Additionally, The Fair and Accurate Credit Transactions Act of 2003 which modified the Fair Credit Reporting Act, requires the Federal Trade Commission (FTC) and other federal financial agencies to examine and report to Congress on both credit scoring and accuracy.
These are positive tools for the consumer but it does not include free credit reporting or the ability to simply dispute a low score. A good Washington credit repair company for Washington residents is National Credit Fixers. On top of that it is still up to the consumer to verify the accuracy and integrity of their own credit score. Unfortunately the FTC does not have the resources to help each individual consumer. The credit bureaus will surely not help you improve your score; they make more money off of people with atrocious credit scores! Think about it, the person with a negative credit score has to apply for credit more times than the person with a higher credit score. The credit bureaus make money by selling your credit report to lenders. The more times you make an application for credit, the more money they will make!
The process of credit repair for Washington residents can be gotten to through hard work and discipline. Easy methods, which can help you get out of mediocre credit history, can be quite tempting. However, these easy way outs can only lead to further difficulties in the future especially if they are done illegally. It is not worth the penalty of violating Federal law or Washington law in order to fix your credit. Work with a good Washington credit repair company to help you get the job done.
When you are in a challenging financial situation you may be wondering how to use a Washington credit repair company to help you fix your credit. But you need to be careful. Not all credit repair companies are created the same. In fact the majority will take your hard earned money and provide you with little or no credit improvement. If a credit repair company guarantees they will remove all negative information from your credit file - run - don't walk - away. Nobody can guarantee 100% results. Credit repair is a percentage game. Look for a reputablecredit repair company who helps Washington residents and historically offers a significant percentage of corrections / deletions.
Washington residents should do their due diligence when employinga credit repair company to fix your credit. First, check with the Better Business Bureau (BBB) for the Washington credit repair company. The BBB will furnish an unbiased report of how many complaints have been filed against the company in the previous three years. There are two things that you want to ponder here. First, if there are more than a dozen complaints over the preceding three year period, then this credit repair company has serious issues and you should be cautious. Also, if the BBB has no record at all on the business, just walk away from the business. Anyone who is hiding from the BBB should be looked upon with suspicion. Don't forget to ask for examples of the successes the company has had. A reputable credit repair company will have copies of investigation results (with personal information blacked out of course) that will show you how successful they can be.
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