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      <h3>What Should I Do If I Have Bad Credit?</h3>
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      <i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: Mary Wise<br>
      Posted: 2007-01-28 22:23:31</i>
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      At this point, you may fall for those TV or internet advertisements promoting credit repair programs that sound magical. However, you should know that there is no shortcut to good credit when your credit score is bottom low and all these companies (when legit) can do is teach you how to act in order to slowly recover your ability to get finance. As stated above, there is no magical way to repair credit and thus, if you expect to change your credit situation from one day to another you are just loosing your time. Moreover, those who say they can get you a new credit history, if not lying, they are proposing that you commit fraud. And such behavior might imply serious legal problems that could even end up with you in jail.Falls Advertising or Scams? Everyday, there are companies advertising their credit repair services for consumers with bad credit history. They guarantee to clean and repair your credit report, so that you can obtain a loan, insurance, credit card or even a job after charging you a significant amount of money. Truth is that they can&#8217;t provide these services with the velocity you want and chances are that they&#8217;ll just keep your money.Actually, it is not possible to eliminate true entries on your credit report. It is only allowed to request a checkup on what you believe to by wrong entries and if proved, you can request them to be removed free of charge and you can also request a re-consideration if you got declined due to mistaken data on your credit report.What Does The Law Say According to the regulations of credit, you can request a free copy of your credit report up to 60 days after you get declined for a loan, insurance or a job. You can also request the lender, insurer or employer to inform you of the name, address and contact information of the credit bureau that provided the report.Moreover, you can dispute any inconsistencies contained in your credit report and demand them to be fixed in a peremptory term. If they do not comply you can always take legal actions against the bureau and request an economic repair of the damage they caused you due to submitting wrongful information to creditors.Loans Even With Bad Credit It is possible to obtain a loan even with a bad credit history. Different creditors work with different credit-approval standards. Some of them may consider your recent credit history and decide your credit worthiness with that information. Approval is possible if your credit report shows considerable improvement in that last period. So, it is always better to consult different creditors informally to have an idea of their credit standards.In case you are unable to solve your credit problems on your own you can always obtain assistance by consulting with a credit counseling service. There are non-profit organizations that can help you and other commercial companies that can aid you in going through this situation. Just remember that according to the law, they can&#8217;t charge you in advance just for credit repair services.Mary Wise, a professional consultant at Badcreditloanservices.com with twenty years in the financial field, prevents consumers from falling into the hands of fraudulent lenders. In her website you will find more useful tips and interesting financial articles on this and many other related topics.
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