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We provide all our potential clients with information they can use to help repair their credit. Below are a few tips published by the Federal Trade Commission on their website to help avoid credit repair scams. Also some helpful information on do it yourself credit repair. You can find more information on how to repair your credit on the Federal trade Commissions website. Sometimes before securing an auto loan you may need to do a little credit clean up first. This Can help ensure when you apply for that next car loan you are able to make your application a successful purchase.

Helping Yourself

Step 1: Tell the consumer reporting company, in writing, what information you think is inaccurate. Include copies (NOT originals) of any documents that support your position. In addition to providing your complete name and address, your letter should identify each item in your report you dispute; state the facts and the reasons you dispute the information, and ask that it be removed or corrected. You may want to enclose a copy of your report, and circle the items in question. Send your letter by certified mail, “return receipt requested,” so you can document that the consumer reporting company received it. Keep copies of your dispute letter and enclosures.

Step 2: Tell the creditor or other information provider, in writing, that you dispute an item. Be sure to include copies (NOT originals) of documents that support your position. Many providers specify an address for disputes. If the provider reports the item to a consumer reporting company, it must include a notice of your dispute. And if you are correct — that is, if the information is found to be inaccurate — the information provider may not report it again.

Recognizing a Credit Repair Scam

Everyday, companies target consumers who have poor credit histories and promise to clean up their credit report so they can get a car loan, a home mortgage, insurance, or even a job once they pay them a for their services. The truth is, most of these companies can’t deliver an improved credit report for you using the tactics they promote. It’s illegal: No one can remove accurate negative information from your credit report. So after you pay them hundreds or thousands of dollars in fees, you’re credit report has not been repaired and the company has your money.

If you see a credit repair offer, here’s how to tell if the company is up to no good:

The company wants you to pay for credit repair services up front. Under the Credit Repair Organizations Act, credit repair companies cannot make you to pay until they have provided the services they have promised.
The company doesn’t explain your rights and what you can do for free yourself.
The company recommends that you do not contact any of the three major credit bureaus directly.
The company tells you they can get rid of most or all your negative credit information included in your credit report, even if that information is correct.
The company suggests that you try to create a “new” credit identity, and then a new credit report. By applying for a Business ID to use instead of your Social Security number.
The company advises you to dispute all the information in your credit report, regardless of its accuracy.

If you follow illegal advice and commit fraud, you may find yourself in legal trouble, too: It’s a federal crime to lie on a credit application, to misrepresent your Social Security number, and to obtain a Business ID from the Internal Revenue Service under false pretenses. You can be charged and prosecuted for mail or wire fraud if you use the mail, telephone, or Internet to apply for credit and have given false information.

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