I just read a really interesting article about credit repair and of course it was written by the owner of a credit repair company. My plan is not to critic the article, writer or rewrite his story but there were some really interesting facts that I want to make available.
• bad debts remain on your credit report for 7 years.
• Bankruptcies will remain on your credit for 10 years.
• in Texas, Credit Service Organizations (CSOs) must register with the Texas Secretary of State's office - 512-475-0775.
• If you contract with a credit repair company, be sure to get all the terms in writing and there must be a notification to the consumer of their right to cancel within 3 days.
• You are entitled to one FREE credit report a year from each of the three companies - Experian, Equifax and TransUnion
• The only truly FREE place to get a report is AnnualCreditReport.com and that does not guarantee a credit score but just the report.
If you need to repair your credit prior to buying a house, be sure to do your research. If you are ready to go, give me a call or email me at 512.589.7988 or robin@robinscottrealtor.com
Austin, Texas. Robin Scott, BROKER Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. 512.589.7988.
Search for homes through Austin MLS
Find your home's value
Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.
Like us on facebook!
No comments:
Post a Comment