Wednesday, July 04, 2007

Credit-Repair: Repair Your Credit The Right Way

I have to tell you something, there really is no right way, but there is a
wrong way.

I know it sounds like 'gobbly-gook' but the credit bureau's are not
interested in correcting errors on your credit reports. They will after a
time if you persist and follow through correct glaring mistakes.

Don't fall for the credit repair trap where shady companies offer a new
'identity' or reduce your debt by 75%. Or consolidate your debt. However,
in some cases, it makes sense to consolidate if you can reduce your
overall interest rate and not take all the equity out of your house to
doing. See your accountant before proceeding.

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