Erase Bad Credit! Only $250!

Call (800) 555-5555 now to fix your credit score!

You have all seen the signs pushed into the ground at highway exits, stop signs, and traffic lights.

It is a great way for you to lose $250 and potentially harm your credit report more than the damage that has already been done.

First of all, do you know what is on your credit report at all? The three major credit reporting companies (Equifax, Experian, and Transunion) are required to give you a free credit report every year.

When was the last time you checked it? If you are like most people, you don’t check it. When you last applied for a car loan or a mortgage, you were told what your credit score was, and that was good enough for you. I have been guilty of that myself.

But I suggest to clients that they go to and pull a free copy of their credit report every 4 months. But here is the important part: only request one of the credit reporting agencies each time.  That way you can take a peek every 4 months without paying. Also, don’t sign up for any of the offers they try to convince you to take. And, don’t use the company with the “catchy” jingles on tv that claims it is free… it isn’t free.

Back to the credit repair companies. Most of these are scams. They take your money and simply send dispute letters into the credit reporting bureaus.

This is to get the reporting of bad credit removed from your credit report, but it only is effective temporarily. When the creditor verifies the debt does exist (and the potential bad payment history) it will simply go back on your credit report.

If one is attempting to get a home loan, which can take time to approve and close, it is likely the lender will pull your credit again near the closing date. The lender will now notice the bad notations that were not there before and now the loan will become an issue.

You have every right to dispute errors on your credit report, and you should.

But most of these companies cannot possibly take the time to be careful when you are paying them only $250.

I can imagine they will blindly send letters to all creditors on your credit report. Maybe creditors that are reporting GOOD payment history will now stop reporting.

If you filed bankruptcy, and a creditor is misreporting a debt that was discharged, then you need to contact your bankruptcy attorney. The creditor must report $0 balance, discharged in bankruptcy, or it may be liable for damages.

It is important to be extremely careful when dealing with your credit. $250 should seem like too small an amount to pay to fix your credit. And if it worked, wouldn’t everyone have done it?

Be cautious and speak with an attorney before tackling your credit and debt issues.

Call 407-749-0080 or contact me to have your questions answered.