Saturday, August 8, 2020

I'm going to keep beating up on!

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Original commercial here:

1.  "Check:"  Yes, will look over your credit report.  This is a service they provide once you've hired them.  Heck, they might even do this part for free.  After all, it certainly doesn't cost them anything and you have to give them valuable information to let them do it, so why not?

2.  "Challenge."  This is something else you can do, though for 99.99% of this company's targeted suckers--errr, customers- its' going to turn out to be a pretty pointless exercise.  

"It says here you made 6 late payments on your utility bill.  Is that true?"  Um, yes.

"It says here you took out a Title Loan in 2013 and lost your car, is that true?"  Um, yes.

"It says here that every stick of furniture in your house has a Rent-A-Center label on it, is that true?"  What are  you trying to say?  Just come out with it!

3.  "Change."  Ah, here's the part that actually requires work, and the step that makes companies like seem so appealing.  Steps 1 and 2 take a few moments.  Step 3 in most cases takes many years and something the customers lack even more than money- PATIENCE.  

You see, the thing is, if the damaging items on your credit report are legitimate, there's NOTHING you or ANYBODY ELSE can do to remove them.  They are there to warm potential creditors that you are not a good risk (or, put more delicately, not the optimal customer for creditors to be dealing with.)  If legitimate, those damaging items are information that creditors have a right to because it protects them from bad risks.  It's really as simple as that.

Here's how you IMPROVE your credit score:  pay all your bills on time, every time, for years.  Only borrow when you MUST, and pay back that money as quickly as possible.  Build credit, then use it sparingly.  Complaining that your credit reputation is hurting your ability to borrow money is kind of pointless.   Giving someone money to quickly "fix" something that can only be repaired by YOU over a LONG PERIOD OF TIME isn't pointless, it's STUPID and COUNTERPRODUCTIVE.   You NEED that money you want to turn over to companies like this know...REPAIR YOUR CREDIT.

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