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Follow on Google News | ![]() Beware Of Credit Repair CompaniesBad Credit MD warns consumers not to waste their money hiring a credit repair service.
By: Bad Credit MD Consumers need to do themselves a favor and save their hard earned money. These advertisements and claims can be a sure signs of a scam. Attorneys working for the Federal Trade Commission or FTC, which is the United States consumer protection agency, has said that they have never seen a credit repair service that has made those claims be legitimate. The simple fact is that there no easy or fast fix for a consumer's creditworthiness. Consumers can improve their credit score legally and legitimately, but it take a conscious effort, sticking to a debt repayment plan and time. Many states also have laws regulating credit repair companies. If a consumer has a complaint with a credit repair company, they need to report it to their local consumer affairs office or to their state attorney general. A consumers can also file a complaint with the Federal Trade Commission. Although the FTC is unable to resolve individual credit disputes, it can take the appropriate and necessary action against a fraudulent credit repair company if there is a pattern of possible law violations. The free organization "Bad Credit MD" is informing consumers in need of credit repair about their no-cost services being offered. The want consumers to know that their is no fast way to credit repair and that anything a credit repair company charges a consumer to perform legally, they can do themselves at no cost. To learn how a consumer can repair their credit score at no-cost, individuals or their family should review the free information, tools and resources located at http://www.badcreditmd.com. Bad Credit MD also wants consumers to know that no one can legally remove accurate and timely negative information from a person's credit report. However, by law, they can ask for a no-cost investigation of information contained in their credit file that they dispute as inaccurate or incomplete. Consumers should also know that just because the have a bad credit history, that does not mean they won't qualify for credit. Every creditor and lender has their own set of standards, and not all look at a person's credit history the same way. Some lenders and creditors may only look at they last few years of a consumer's credit report when evaluating them for credit, and may extend credit to them if their bill-paying history has improved. It may be worthwhile for the consumer to contact lenders and creditors to discuss their credit standards. http://youtu.be/- Bad Credit MD, is a organization that helps consumers with credit problems free of charge in the United States, Canada, United Kingdom, Scotland, Ireland, Australia and India. Bad Credit MD has been helping people with poor credit around the globe since April of 2007 and is a subsidiary of Enticing Designs Publishing that is located in Mecca, Ohio. The organization's staff has professional backgrounds in the mortgage and financial sector. This staff has compiled a comprehensive database of researched information from various governments around the world. End
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