Information used to calculate a credit score can include the number and type of accounts a debtor has (credit cards, auto loans, mortgages, etc.); whether the debtor pays their bills on time; how much of a available credit they are currently using; whether they have any collection actions against them; the amount of their outstanding debt; and the age of their accounts.
A free consumer self help guide called Bad Credit MD has recommended that consumers view the steps they can take to make progress toward achieving a perfect credit score legitimately and at no cost to them at http://www.badcreditmd.com/
Bad Credit Md is telling consumers that no one can legally remove accurate negative information from a credit report. When negative information on a person's credit report is accurate, only time can make it go away. A consumer credit reporting agency can report most accurate negative information for seven years and bankruptcy information for 10 years. Information about an unpaid judgment against a debtor can be reported for seven years or until the statute of limitations runs out, whichever is longer. The seven-year reporting period starts from the date the event took place.
Bad Credit MD is also warning consumers about the ads they see in newspapers, on TV, and online. They also hear these ads on the radio, get fliers in the mail, email messages, and maybe even calls offering credit repair services. The Company says that these ads all make the same claims:
“Credit problems? No problem!”
“We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!”
“We can erase your bad credit — 100% guaranteed.”
“Create a new credit identity — legally.”
Bad Credit MD is warning consumers not to believe these claims: they are very likely signs of a scam. The fact is there is no quick fix for creditworthiness. Consumers can improve their credit report legitimately, but it takes time, a conscious effort, and sticking to a personal debt repayment plan.
Bad Credit MD, is a free On-line consumer information guide that helps people with credit problems in Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Bad Credit MD has been in business helping consumers with bad credit since April of 2007 and is a subsidiary of Enticing Designs Publishing. The staff has various backgrounds in the financial and mortgage industry. This self-help site has over 500 pages of credit advice and articles. Its staff has researched its information with various governments around the world to provide the most comprehensive and accurate information free of charge.