The following article entails the viewpoint and opinions of Doug Johnson, who has spent ten years and thousands of dollars researching companies and firms within the debt relief industry.
Increase Credit Scores
You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail. You may even get calls from telemarketers offering credit repair services. They all make the same claims:
- "Credit problems? No problem!"
- "We can erase your bad credit -- 100% guaranteed."
- "Create a new credit identity -- legally."
- "We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!"
If you search the Internet for “Credit Repair” you will find countless articles debating the validity of companies who claim to be able to repair credit by removing negative entries from credit reports. This debate is as old as the controversies between Democrats and Republicans. And it will probably continue for many years to come.
In my opinion, it is a waste of time and energy to debate whether or not negative entries can be removed from credit reports. People who are focused on this issue appear to be unaware of the following:
If all negative entries were removed from a credit report, the most it could positively affect a credit score is 35%.
Traditional Credit Repair Companies don’t understand that if preformed improperly, removing negative entries can actually damage scores. Due to complex algorithms used in determining credit scores, tinkering with the wrong pieces of information can cause a credit file to be shifted into an alternative category, known as a scorecard. More importantly, it can negate credit history, resulting in lower scores.
Over the past few years, as credit scores have become increasingly important to success in business, I have been motivated to spend countless hours in search of alternatives to traditional credit repair companies. It has only been in the past few months that I have discovered a remedy for low credit scores.
The company I have started working with, wemanageyourcredit.com, assigns a coach to each and every client. Coaches selectively challenge negative entries on credit reports, but they also strive to remove negative entries from reports by working with creditors (not credit bureaus) to change the status of the entries.
In addition, coaches implement many creative strategies to stimulate scores, including but not limited to assisting clients in negotiating with creditors to get debt paid off, removing inquiries, establishing new lines of credit, transferring debt from one creditor to another, and so on.
As a result, wemanageyourcredit.com works with factors that determine 100% of credit scores. (35% for credit history (affected by credit repair), 30% for amount owed, 15% for length of credit history, 10% for new credit, and 10% for types of credit used)
These strategies are so effective that clients, on the average, earn up to 125 points on their credit scores in just six weeks! Wemangeyourcredit.com offers a money-back guarantee and have programs starting as low as $89.00.
To hear an audio of my radio interview with the principle of wemanageyourcredit.com, click here. To read a transcript of the audio, click here.
Representatives can also be reached toll free at (888) 330-1895.
