Despite all the advertising by companies who promise to “erase your bad debt” or remove bankruptcies, judgments, liens, and bad loans from your credit file, the attorneys at the Federal Trade Commission say that they have never seen a legitimate credit repair operation making those claims. There is no quick fix for creditworthiness, although you can improve your credit report legitimately without cost. However, it does take time, effort, and sticking to a personal debt repayment plan.

The companies that promise to clean up credit reports for a fee cannot deliver an improved credit report using the tactics they promote, and in fact, it is illegal. No one can remove accurate negative information from your credit report. If you see a credit repair offer, this is how to tell if the company behind it is up to no good...

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