How Credit Repair Saved My Life

Once upon a time in my life, I was dead. Dead not in the
physical sense mind you, but the consumer sense. You see, I had
bad credit. Actually, bad credit would have been an upgrade. I
even got a denied letter for a debit card. That’s right, the
bank did not trust me with my own money. It was so bad that I
thought life was over—and I was only starting my twenties.
What They Teach You
Nothing of use really. We are taught, through our societal
guidelines, that we are to obtain credit to buy items. It works
like magic. One minute you are just getting by and the next
minute you have a kind company willing to loan you hundreds to
thousands of dollars—all for a price. We are taught to go buy
items of our dreams and not to worry. Just pay your small
monthly fee and all will be fine.
What Happens if I Miss Payments?
All is not fine if you get in over your head. Most of us grow up
getting credit lines and not knowing the first thing about
credit itself. If we did, oh how different we would act.
However, that day almost always comes when you miss your first
payments. For many of us that is just the beginning. For me, it
was one missed payment at first and then many missed payments.
The many missed payments became many collection accounts, a
reposed vehicle and more.
As you might now, missing payments leads to a lower credit
score. We are told that once we mess up, that is it for seven
long years. Ruin your credit at 18 and wait until you are 25 to
start at it again. Mess it up at 26 and wait until your mid
30’s. Why would they be so harsh? The answer is five large
letters—M-O-N-E-Y.
Why are They Lying to ME?
Why do most humans lie? For personal gain of course. By holding
you down in the bad credit well, you can be taken advantage of.
Sure, you may still be able to get an auto loan, but now it will
cost you 29% interest. Are you insane? Back to my youth, I was
way past this point. I could not even get approved for a secured
credit card.
Think about this for one moment. How many advertisements have
you seen in your lifetime where the company said something like
bad credit is ok or they lead the way in second chance
financing. If you had a way to repair your credit back to
normal, companies like this would lose billions of
dollars each year. Moreover, there would be no need for credit
agencies like Equifax, Experian and Trans Union. These companies
make a fortune annually because of negative credit
reporting.
Credit Repair is a SCAM!
This is what we are fed daily isn’t it? The truth is somewhere
in the middle, as usual. Many places that offer credit repair
are indeed bad news. However, many do indeed work. The worst lie
is that you are helpless for seven years. Did you know there is
a way to correct your credit report on your own? It does not
take any supreme knowledge or special connections inside the
powers that be.
So how did credit repair save me? Well, it opened my eyes to the
possibilities and cast the lies into the darkness where they
belong. It made me go read and understand the laws that govern
the credit arena. It helped me realize that I did not have to
let bad companies, who claim to simply be helping those in need,
take advantage of me. Finally, my journey allowed me to reclaim
my credit identity and experience life as it was meant to
be.
My website (JakeTruman.com) has more articles about credit and
what you can do about your credit identity. Don’t get taken
advantage of, educate yourself. I can show you how to stop
collection agencies from calling and how to correct items on
your credit report quickly. Additionally, there is a credit repair
information website at CreditLiberty.com that you should
visit.
Copyright 2005 JakeTruman.com All Rights
Reserved.