We all have that one friend, you know the one I'm talking about? The friend who tells you all these outlandish "facts" about your credit score. You listen to these myths and you think it the back of your head, this can't be true. But your friend is convincing and now you are confused as to what is a myth and what is a fact.
Credit repair is 100% legal. It works because of a law called “The Fair Credit Reporting Act.” The FCRA gives you the right to dispute any item on your credit report. If that item cannot be verified within a reasonable time (usually 30 days) it must be removed. Even accurate negative items can often be removed or negotiated away. This law is the basis of all credit repair and the foundation of our business.
"FICO announced Thursday its latest version of the FICO score, a three-digit number that assesses a person's credit risk. The new scoring model will take consumers' debt levels into account and will more closely track personal loans."