Credit Repair

Many of the clients that are using the services of ShortRefiServices are in their present positions because they obtained “sub-prime” mortgages. A Sub-prime mortgage usually becomes necessary because a borrower has derogatory items appearing on their credit report. The derogatory item lowers the credit score, and a borrower is often forced to use the sub-prime mortgage. The Sub-prime mortgages carry a higher rate, and often times had terms that simply made it impossible for many borrowers to make their monthly mortgage payment.

If you utilize ShortRefiServices programs for a loan modification or shortrefinance, your cash flow can markedly improve. However, you may want to further increase your financial picture by “repairing” your credit report. There are many credit repair agencies, and some of them are able to expedite the repair of credit. The repair of credit leads to a higher credit score, and therefore potential savings on future credit obligations.

Just as there are good credit repair agencies, there are also some bad companies as well. You may be able to fix your credit on your own, but, if you choose to use a credit repair agency, you will want to make sure to choose one that truly does the job for you. Take a look at the links below to get some information that will help you if you choose to work with a credit repair agency.

Fair Credit Reporting Act:
http://www.ftc.gov/os/statutes/031224fcra.pdf
This document details what to do when you have derogatory items appearing on your credit report, and you feel that some of the information is subject to challenge. The act details the responsibilities of the creditors, and how you can challenge an erroneous rating.

Federal Trade Commission Report – Credit Repair: How to Help Yourself:
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm
This report details how you can fix your credit score without a credit repair agency.

Top Ten List of Credit Repair Agencies:
http://www.the-top-tens.com/lists/best-credit-report-repair-services.asp?gclid=CO6o3cGYuZYCFQJNagodSTzyLg
This report from “The Top Tens” gives an in depth analysis of 10 top rated credit repair agencies. The report details experiences from consumers, and gives ratings for and against the companies listed on the report.

CreditRepairReviews: http://www.creditrepairreviews.net/?gclid=CMaVluWduZYCFRxNagodzFgQLg
A site reviewing the top five credit repair companies, but also provides a number of resources should you choose to try and repair your credit yourself.

MyCreditGroup.com:
http://www.mycreditgroup.com/ http://www.mycreditgroup.com
A site that provides both debt consolidation and credit repair services under one roof.