A Ridiculous Credit Repair Claim

By Mike Wayman

I’m sure you’ve probably seen some pretty funny advertisements for credit repair. Some people claim to be able to give you perfect credit in 30 days or less or that they’ll guarantee you a line of credit or other financing. Perhaps they’ll even claim to handle everything themselves even filling out credit applications on your behalf. Here’s an example of a completely ridiculous credit repair claim:

So what’s the big problem with the claims made by this individual? First, this individual claims that by removing a tradeline you don’t have to pay for the remaining balance. This is patently false and will lead you towards terrible credit, or worse, bankruptcy. The second claim that this individual makes that is patently false is that “any time something that is on your credit report is not there anymore, it improves your credit score.” This is patently false as well. Having a robust credit profile that shows a positive payment history is a good thing. Deleting everything is not a good thing.

If you want someone to help improve your credit that understands the process give us a call today!