Fast Credit Debt Removal

Bad credit can happen to almost anyone. Unexpected job loss, emergencies and bad luck can contribute to not being able to fulfill credit obligations. There are thousands of companies out there that promise quick and easy credit debt removal. Knowing what is and is not possible with credit repair will help you when the chips are down.

Scams

Before looking for a credit repair solution, it is recommended that you understand what possible scams are out there. If you wish to have negative information on your credit report removed, it is important to understand that only information that is false can be legally removed from your report. Any accurate information will stay on your credit report for a seven-year period. When looking for credit repair companies, never pay money up-front for a service that has not been completed. If there is an issue with a fraudulent accusation on your report, you can fix it yourself by writing the company that made the report.

Counseling

Consumer Credit Conseling Service (CCCS) is a service that can help you negotiate with your creditors for a smaller payment plan and lower interest rates. CCCS can also counsel you on legal ways you can help repair your credit report quickly without running into scams. Paying off your debts with CCCS does not affect your credit report and allows you to get bad marks off your credit report quicker than trying to sort it out on your own. CCCS services are often free or require a small charge.

Negotiation

Negotiating with your creditors can help you remove negative information from your credit report. You can talk to your creditor to change payments that went to collection, where a third party was involved in collecting a debt, from a non-satisfactory payment to one that was paid as agreed. Most creditors and credit collection agencies are more worried about getting their money than giving you a negative report. You have the legal right to request the removal of a collection agency notice from your credit report Try to get any correspondence with a credit collection agency or creditor in writing when going through negotiations.