How To Avoid Credit Repair Mistakes & Credit Repair Scams
- Closing old credit accounts – Reduces your credit history! Not a good idea, since 35% of your credit score is based on your credit history.
- Paying old debts or debt collectors – Paying may not help your score, can damage it, and you may be able to avoid paying that old debt if they can’t prove it’s validity (call us first).
- Disputing online – Beware of online dispute systems, as their terms and conditions limit your rights under the Fair Credit Reporting Act. (FCRA) Don’t Dispute Bad Credit Online!
- Using Template Disputes – Credit Bureaus have systems that automatically read template disputes and red flag repetitive letters, your dispute is at risk of being determined invalid or being red flagged.
- Using Cheap or Quick Fixes – Good credit repair takes time, is a process that will provide you with sustainable good credit, not just a quick fix.
- Not Getting Proper Credit Education – You need to be educated about good credit practices in order to sustain good credit, that is part of the process. You can’t succeed at the credit game if you don’t know how to follow the rules and how to get the upper hand.
- Falsifying documents – Just don’t do it. It is illegal, and you will likely be prosecuted. I’ve seen it happen, it’s a sad story.
Avoid Credit Repair mistakes and Credit Repair scams. Cobalt Credit gives you free credit education when you sign up for our email training videos. We offer a free credit consultation offering you a plan of action for your Credit Repair. You can reach us Monday – Friday 9am-6pm PST. Just check out our reviews on google. Our toll free number is 1-800-216-2725. Or visit our Credit Repair Company Site.
Video: How To Avoid Credit Repair Mistakes – Avoid Credit Repair Scams
