Myth: Derogatory accounts must remain on my credit report for 7 to 10 years.
Fact: Nearly one-third of all credit reports contain damaging errors. The Fair Credit
Report Act demands that information reported by credit reporting agencies (credit bureaus) must be verified to be 100% accurate.
If the information can not be verified, it must upon request of the consumer be removed from the consumer's credit file.
Bottom Line: You could vey well fall into this "one-third" category. Since
CREDITDEFENDERsm knows specifically what areas of your report to challenge, and how to make these challenges,
it is very likely the negative information will be removed.
Myth: If the account is actually mine, it is impossible to remove it from my credit report.
Fact: Even if the account belongs to you, studies show that 29 percent of credit reports
contain serious errors, 70 percent contain errors of some kind, 41 percent contain personal demographic errors.
Bottom Line: The chances of the credit bureaus being able to maintain your file to 100%
accuracy is very diffulcult and time consuming. Fortunely for you, CREDITDEFENDERsm is able to use their
weakness to your advantage.
Myth: All I have to do is pay off my creditors and they will remove the negative information
from my credit reports.
Fact: Although we don't advocate non-payment of your debts, and you should be honest and
responsible for what you owe, creditors only tell you this to get your payment. Once they have your money, it is very
unlikely that they will have the negative information taken off of your credit report.
Bottom Line: The act of paying off the accounts may work against you since information
stays on the credit report for at least 7 years from the date it is last reported. Paying the account off may cause
it to be updated with a new "status date" thereby making the 7 year period start over from this new date.
CREDITDEFENDERsm has removed millions of dollars worth of "unpaid" debt at a cost that is usually less
than what the pay-off amount would be, and at the same time given the consumer a fresh start.
Myth: For the cost you charge to write letters and order my credit reports, I can do this
myself.
Fact: Although by law, you can do this yourself, the credit bureaus make the process extremely
difficult and inconvenient. Many clients have attempted to "do it" themselves. Only after experiencing the humiliation
from the credit bureaus have they then sought professional help.
Bottom Line: We have no problem with your attempting to do this yourself. All we
ask is that you "bookmark" our website, if and when your attempts have failed, come back to us with confidence. You
will then know from your own experience that CREDITDEFENDERsm is earning every dollar you pay us.
Myth: The credit bureau is there to help me. They are interested in protecting me
from scams like "credit repair" companies.
Fact: Credit bureaus are in business to make a profit. They are paid by the creditors
who report information to them and not by you. The truth is, that the FTC receives more complaints about credit bureaus
than any other business. When they discourage you from using repair services, they seem to leave out this
very important fact. Disputes cost them in time and money. It is to their advantage if you will just give up and
go away. Now, do you think they have your best interest in mind?
Bottom Line: You probably will "just give up and go away"... that is. After all you
have other things that require your attention. CREDITDEFENDERsm on the other hand, has nothing but
time. This is what we do 24 hours a day, 7 days a week. We will not give up...nor will we go away!
