Is Credit Repair A Scam?

Just as other work at home opportunities available online turn out to be dishonest ploys or downright scams, the credit repair business is no different. Unfortunately, the actions of a few can cast a dark cloud over the many that are reputable. Bad news travels faster than good news and as a result, online opportunities can end up with a bad stigma. Since credit is so vital to each and every one of us, it can be incredibly easy to entice someone with bad credit into paying lots of money to restore their good name. Swindlers abound everywhere. When done honestly and ethically, A Credit Repair Specialist can be quite successful and help people at the same time.

A prevailing philosophy in our society is that only time can heal bad credit. Based on the way credit files are set up, this is true. Credit accounts, good or bad, generally remain on a credit file for no longer than 7 years, sometimes less, but not often. If someone chooses to just wait and do nothing, it likely will take a long time to see a deregatory account leave their credit file. What most people do not know is that because of federal laws protecting both the consumer and the creditor, there are ways to, in effect, "clean up" bad credit, or even restore someone's credit file to what it once was.A person with good knowledge of these laws can be quite successful, with a little dillegence and ethical behavior.
I have to tell you the day to day tasks involved in credit repair can be, and usually are, very tedious. Thereis alot of letter writng, a lot of verifications of accounts, and worst of all a lot of waiting. But, with perserverence and belief in what you are doing, success will come. Your clients will love you for what you have done for them, and as a result, referals are quite common.

Still skeptical? An organization called The Ethical Credit Repair Alliance (ECRA) has been established to protect the interests of both credit repair professionals and the public. You Can Check Them Out Here

Credit repair, as in any other business, has good players and bad players. If you can play nice and don't mind spending 4 or 5 hours each day doing good work for others, you will likely be successful, earning a good living along the way.