Advertisements abound nearly everywhere nowadays (online and off) selling books, systems and secrets to help you fix your credit. A lot of these programs have claims which read like the covers of supermarket tabloids:It only took three hour for my credit score to jump 100 points!””Erase bad credit and smash your debts with only two extraordinary Letters!”Are these types of claims ALWAYS too good to be true? The answer is “Yes and… no.”While many people would love for you to think the only thing that can fix bad credit is time, in reality, nothing could be further from the truth. In fact, time is only one of any number of factors which can fix a credit report, but it’s a far cry from being the only factor. How can I back this up? It’s simple.Under a consumer protection law known as the Fair Credit Reporting Act (aka the FCRA) the only negative information which can remain on your credit report is not what is accurate, but only what can be proved as accurate under the FCRA. Exactly what does this mean to you?It means any negative item on your credit report can only remain […]

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