If you type that phrase into any search engine, thousands of results will pop up, but none of them will actually be able to provide instant credit repair. There is no such thing. By law, credit repair can be accomplished. Consumers have the right to dispute information on their credit reports, but there is no instant credit repair. This is not a quick process.
A few years ago, there was a credit repair clinic which claimed to own a unique and valuable computer “disc”. By using this disc, they claimed they could provide instant credit repair. Under federal law, credit repair clinics or companies must not make fraudulent claims to consumers. They must not encourage consumers to break the law. Credit repair is very attractive to many people who have poor or bad credit, but even though it is hard, consumers must have patience. This company and others like them capitalize on the desire for instant credit repair, when they know that there is no such thing.
Consumer credit reporting agencies or credit bureaus collect information about individuals, their spending habits, borrowing habits and repayment habits. The credit bureaus then sell this information to lenders. This is not against the law. Credit repair involves having inaccurate, obsolete or unverifiable information removed from the reports compiled by the credit bureaus. Neither is this against the law. Credit repair which is legal can improve credit scores, lower interest rates and save consumers money. Companies which offer instant credit repair may be a waste of money and a waste of time. These companies may even make suggestions which are against the law. Credit repair which is legal and effective, not a waste of money or time is not instant. The Federal Trade Commission recommends that consumers should beware of any company which offers instant credit repair.
Credit repair companies can not legally do anything for you that you can not do for yourself, if you have the time, patience and accurate information. Credit repair companies can only help you accomplish your goals. It is possible that using a credit repair company will lead to success sooner, but that does not mean overnight or instant. Credit repair can be frustrating, so people who can afford it may hire a credit repair company to do most of the work for them. These people can reasonably expect to see results in thirty to forty-five days. The process may not be complete at this point, which is why most reputable credit repair companies charge a monthly fee. They will continue to work on repairing and improving credit scores, until they are successful. They are aware of the law. Credit repair lawyers are generally most effective. They have a number of techniques at their disposal. They cannot provide instant credit repair and they will not claim to provide instant credit repair. They can provide effective credit repair.