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Your credit report data can be viewed by employers, credit card companies, insurers, and landlords, so make sure they see accurate information.


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Company Credit Report Repair Services

The steps taken by companies to repair their credit report are the same as everyone else. Companies who are in desperate need of money but cannot get a loan because of a bankruptcy or past problems with paying bills on time, may be tempted to use the services of a credit repair company.

The important thing you should know is credit repair companies cannot do anything legally that you cannot do yourself. If your company has filed for bankruptcy in the past, those records can be reported by the consumer-reporting agency for up to ten years. If the information in accurate, there is nothing you or any credit repair service can do legally to have it removed.

Credit repair companies advertise that they can have negative information removed from your credit report, for a fee. Usually, these companies will inform you of your rights to dispute the accuracy of your credit report. They can either dispute the negative information for you, or give you advice on how to file a dispute.

Illegal advice is sometimes given to customers like creating a new credit record by a method known as ?file segregation.? It involves obtaining a new Employer Identification Number, and using a new mailing address and phone number on credit applications -- therefore creating an entirely new identity not linked to your old one with the negative credit information. The IRS warns that it is a federal crime to make false statements on credit or loan applications. It is also illegal to obtain an Employer Identification Number under false pretenses.

If you are a business owner with negative information in your credit history, you do not need to spend money on the services of a credit repair company. Everything they can do for you can be done by you without having to pay their fees. Just remember that time is the only thing that can remove accurate negative information. Once you have resolved your credit problems, proper spending management and good judgment can keep your business credit clean.



Credit Report Repair Services provides detailed information on Credit Report Repair, Credit Report Repair Services, Bad Credit Report Repair, Company Credit Report Repair Services and more. Credit Report Repair Services is affiliated with Online Credit Reports.

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