Credit Repair – The Real Facts

We have all seen the credit repair advertisements hawking all sorts of services with promises of higher credit scores, cleaner credit reports and getting “pesky creditors” off our backs.  If all of this sounds a little to good to be true, it’s because most of the time, these credit repair companies can’t do anything that the consumer can’t do on their own.

If you hire a credit repair company, be leery of spending too much money up front.  Also, realize that if the company is legitimate, what you are hiring  is their expertise on working with the creditors and the credit bureaus on how to remove or repair things legitimately.  If you’re pressed for time, it may be a good investment to hire a legitimate company to help you.  If you are looking for miracles, you may want to go to church this weekend instead.

For a good overview of the process, click here “Credit Repair – How to Help Yourself” from the Federal Trade Commission.

Baxter Scruggs is a mortgage banker specializing in USDA loans in California, NMLS #156370. He can be reached at, or at 760-497-7705, or toll-free at 877-347-0004, ext. 226. Licensed by the California Department of Business Oversight under the California Residential Mortgage Lending Act.  The blog postings on this site represent the positions, strategies or opinions of the author and do not necessarily represent the positions, strategies or opinions of Guild Mortgage Company or its affiliates. Terms and conditions apply, all loans subject to underwriter approval. Subject to change without notice. Guild Mortgage Company NMLS #3274

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