Solve your debt in 5 days or less!

simply private companies who are in the business of selling 
credit information.  
The credit bureaus are required by law to keep derogatory 
items on your credit report for 7 to 10 years.  
There is no law that the credit bureaus report anything on 
you at all. Just the opposite is true! Credit bureaus are 
required by law to automatically remove all derogatory items 
older than 7 years or in the case of a bankruptcy, 10 years. 
 
It is impossible to get a bankruptcy off. 
Bankruptcies come off just like any other derogatory that is 
incorrectly reported, obsolete, erroneous, misleading, 
incomplete, or that cannot be verified. Remember, the nature 
of the item has nothing to do with its removal under the 
Fair Credit Reporting Act.  
The information on your credit report cannot be changed. 
The opposite is true under the Fair Credit Reporting Act; 
both the federal and various state laws REQUIRE that items 
be removed if they are not 100% accurate ore cannot be 
verified in a timely manner.  
It is illegal or immoral to have the information on your 
credit report altered or removed.  
Not only is it not illegal or immoral, but it is what the 
Fair Credit Reporting Act is all about. It was enacted by 
congress for the very purpose of protecting consumers from 
the intrusion of the credit bureaus into our lives.  
Paying a past due debt removes it from your credit report. 
Just because you pay an old debt does not change or erase 
the fact that at one time you were not paying on it as you 
agreed. Can this record be changed? Absolutely!  
Inquiries are not derogatory and will not affect your credit 
standing.  
Anything that erodes your financial credibility is damaging 
to your credit standing. In the case of inquiries, one or 
two is not too bad, but any more than that and they begin to 
tell a story of their own. Any prospective credit grantor 
will look at your credit report and think that you are 
desperate for credit.  
If you get a derogatory item removed, it will just come 
back.  
Not if it is removed legally. When it is removed with cause 
under the Fair Credit reporting Act it cannot legally be 
placed back on your credit report. The same law that 
required its removal prohibits it from being placed back on. 
 
The past equals the future. 
This is the biggest myth of all. The concept that once bad, 
always bad, or at least for 7 years is totally false. 
Anybody can run into hard times or an emergency situation 
now and then, but that doesn’t automatically mean that they 
are a poor credit risk for a magical 7 years. The simple 
truth is, no credit report can predict the future.  
I can't repair my credit report myself. 
Yes, you can! And you will find all of the information you 
need to do it right here! The simple truth is you don’t have 
to live with bad credit or pay thousands of dollars to have 
it corrected.  
The History Of Consumer Credit 
Before you establish your new credit identity, it is 
important to understand how the credit reporting system 
works, how it operates and how it affects you.  
The roots of consumer credit goes as far back as man can 
remember. It starts with someone or some business having a 
product or service to sell. Either the price of the product 
is beyond the reach of the average person or payment for the 
product is not convenient at the time of sale and that's 
what gives birth to a consumer credit program.  
Take, for example a moderately priced automobile at $13,500. 
The manufacturer, in order to make a profit, needs to sell 
many vehicles at this price. But how many of us can plop 
down $13,500 in one lump sum?  
If the manufacturer only sold automobiles to people who 
could afford to pay in one lump sum, he would sell very few 
cars. Consequently, the price would skyrocket from $13,500 
to let's say $113,500, due to the manufacturer's need to 
make an equitable profit. On the other hand, the 
manufacturer couldn't make any money if he sold the same 
automobile for $400.  
So the manufacturer needs to sell the automobile at a price 
consistent with perceived value and quality, but still make 
it available to people who don't have the entire $13,500. 
That's why the automobile loan business is so big.  
Let's take a look at another example. Actually, this next 
example is rooted deep in our history. When the payment for 
products or services is inconvenient at the time of sale, a 
merchant (or creditor) typically offers payment terms, 
usually within 30 days.  

This type of consumer credit can be traced back to the 
General Store days when a patron would typically pick up a 
few things, charge them to an open account and agree to pay 
the entire account by the end of the month.  
Those days are pretty much long gone, replaced by major 
credit cards and department store cards. But the principle 
is still the same. The only difference today is that 
theoretically you never have to completely pay off a charge 
account. As long as you pay the interest on the account or 
the minimum payment, you can continue to charge to this 
account, up to the credit limit, without ever paying off the 
original debt. This is how a lot of people get into serious 
trouble and consequently damage their credit files almost 
irreparably.  
As an evolution of this process, it was natural that some 
kind of credit reporting system would emerge.  
Creditors became concerned that they were doing business 
with a consumer who would repay their account in a timely 
fashion, and had proven timely repayment with other 
creditors as well.  
So the credit bureaus were born and began to track credit 
information on individuals and businesses, selling that 
information to subscribers (creditors) and receiving 
information as well.  
You should understand that the relationship between the 
credit bureau and the subscriber can (with your permission 
only) receive information about your current credit status. 
But, in exchange, the subscriber must provide payment 
history and account information to the credit bureau. This, 
however, transpires without your permission.  
In other words, only you can authorize access to your credit 
file but once you have, your creditor has carte blanch to 
report any credit information on your file he chooses, even 
if the information is incorrect!