Credit Repair- Scam or Worth Considering?
Friday, July 2nd, 2010Happy Fourth of July to all my fellow citizens! I love the Fourth. I love the idea that we are all in this together, and that we make joint decisions with 400,000,000 other people about how we are going to handle our affairs.
Now Credit Scores. Let me gently inform you: if you are applying for a loan with someone else, say, your husband or wife, the bank will use the person with the lowest credit scores “middle” score. (there are three credit bureaus; the middle score is the middle number reported) The person with the higher score’s credit basically counts for nothing; zero; nada. I firmly believed that the “Credit Score Repair” companies were massive frauds, but I have changed my mind. Many of them are, but not all. I recently have come across a company that can fix errors and do what’s called an Instant Repair with all three credit reporting bureaus. They can also work on real credit lapses depending on how old they are to have them removed, and you can possibly have an improved credit score within a week to ten days. And, as you know, the higher your score the better your loan rates. Happy Fourth and Be Careful With Your Credit! Please call me or email with questions on this topic or for a referral to a Credit Repair company. 415-279-0289 or charlotteerwin@zephyrsf.com.
