Do Credit Repair Companies Work

July 23, 2013 - PRLog -- Many consumers want to know whether credit repair companies can help them rebuild their credit rating. The fact is that any company that claims to be able to legally remove accurate and timely information from a consumers credit report is lying. There is no easy fix for bad credit. Improving your credit takes time and a conscious effort on paying debts.

When negative information on a consumer's credit report is accurate, only the passage of time can assure that it will be removed. A consumer reporting company can report most accurate negative information for seven years and can report bankruptcy information for 10 years.

Some people hire a company to investigate inaccurate or incomplete information appearing in their credit report for them, but anything a credit repair company can do legally, a consumer can do for themself at little or no cost.

The consumer organization "Bad Credit MD" is a free helpful resource that has legitimate information on how a individual can correct inaccurate or incomplete information in their credit report at http://www.badcreditmd.com/free-credit-report/how-dispute-credit-report/. They also provide advice on how consumers can legally re-establish their credit rating legally which is located at http://www.badcreditmd.com/repairing-bad-credit/.

Consumers should know that The Federal Trade Commission (FTC) is the nation’s consumer protection agency and they act aggressively against “credit repair” scams, which are marketed as quick and easy ways to rid individual credit reports of negative information. In the last 10 years, the Commission has brought more than 40 cases against con artists that allegedly lied about their credit-related services. In one recent case, the FTC charged Bad Credit B Gone, LLC, with violating federal laws by claiming it could improve most consumers’ credit reports by removing negative information that was accurate and not obsolete. The court ordered the company to pay more than $322,000 in equitable monetary relief.

The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace.

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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. Its staff has researched its information with various governments around the world to provide the most comprehensive and accurate information free of charge. To contact the company spokesperson, go to https://plus.google.com/u/0/104692534381789121018/posts