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Credit Repair - Part 1

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The entry cost into the food concession business, especially with a vending cart, is not an exorbitant investment, that one would consider to be out of reach of most individuals.

Yet there are many people who, for whatever reason have credit scores and/or past financial situations that are continually haunting them when they try to move forward.

Credit reporting agencies seem to get enjoyment out of keeping old or incorrect data within their files on individuals. The major problem that many individuals have, is that they get their advise and knowledge from friends, who do not have any more knowledge than they have and literature that is either not up to date or is blatantly incorrect. The myths that exist within the credit reporting industry are many, and in a lot of cases they are nothing more than the credit agencies trying to put fear into the hearts of consumers. Dealing with credit agencies takes some legal knowledge, patience and a stiff backbone.

This group of articles will deal with the five most common myths in the credit industry today!

  1. The Government Operates Credit Bureaus!
  2. Credit Agencies Vet Credit Reports!
  3. Providing An Explanation Of A Past Credit Fault Is Important!
  4. Credit Defaults Or Delinquencies Must Remain On Your File For 7 Years!
  5. Using A Third Party To Work On Your Behalf Is Illegal!

 

Continued........

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