Can You Pay Someone to Wipe Your Credit Clean?

Find out if it's possible to pay someone to wipe your credit clean and how to repair your own credit without breaking the law or hiring a specialist.

Can You Pay Someone to Wipe Your Credit Clean?

The success of your attempts to pay for the removal of negative credit score entries may depend on whether you are dealing with the original creditor or with a debt collection agency. It is possible to delete your credit score quickly without breaking the law or hiring a specialist. You can pay your creditors to eliminate canceled credit cards, delinquent accounts, unpaid bills, and any other negative credit score entries. If you have money to spare, you can repair your credit instantly without going through the laborious process of waiting for negative entries to appear on your credit report and using secured credit cards to slowly increase your credit score again.

It is very important that you review your credit reports regularly to ensure that your personal information and credit history information are accurate. Once the creditor responds and affirms that the debt has been accurately stated, the credit repair company will have long since disappeared. Too many difficult inquiries in a short amount of time damage your credit because they make you look desperate for new credit. Unfortunately, credit repair companies sometimes appear and disappear before the FTC can stop them from defrauding consumers seeking help to alleviate their debts.

A credit report shows the date each of your accounts was opened or established, the amount of credit you have for that account, and your current account balance. This ratio represents the amount of credit you currently use divided by the total amount of credit you have available. A number of nonprofit credit counseling organizations, such as the National Credit Counseling Foundation (NFCC), can help challenge inaccurate information on your record. In fact, you can lower your credit score by increasing your debt-to-credit ratio, also known as the credit utilization percentage.

Under federal law, you have the right to get a free credit report from all three major credit bureaus (Equifax, Experian, and TransUnion) once a year. A credit report is a document that lists your creditors and records the financial information your creditors submit to major credit bureaus. Protect your credit by regularly reviewing your credit reports for inaccurate information or evidence of identity theft. Under the Fair Credit Reporting Act (FCRA), credit bureaus and lenders must ensure that the information they report is accurate and truthful. So, if your score is low due to a drop due to accurate negative information, you'll need to repair your credit over time by making timely payments and reducing the total amount of your debt.

There is simply nothing a credit repair company can do for you that is more effective than what you can do on your own. Credit repair services can help you challenge inaccurate negative information and manage negotiations with creditors.

Jada Delbrocco
Jada Delbrocco

Total internet ninja. Beer buff. Certified sushi fan. Award-winning social media lover. Extreme social media ninja. Total food expert.

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