Credit repair, is this really possible? Can a company or an individual really remove bankruptcies, judgments, liens, and bad loans from your credit file? Can anybody really erase your bad credits and legally create a new credit identity for you?

The answer is NO! The Federal Trade Commission or FTC will tell you that this is just a scam. That this person or company will just rob you of your hard earned money. There is no way that anybody can quickly fix creditworthiness. The only way to improve your credit report is through sticking to a personal debt repayment plan, which takes time and effort.

Sometimes, when people are so desperate they can get blinded by these enticing advertisements. Bear in mind that even if you are in desperate need to fix your credits, you have to be cautious as there are people out there who would try to scam you. One definite way that you can recognize a scam is when a company promises to clean up your credit report when in fact no companies can ever improve anybody's credit report with the things they promise people of, legally. Removing accurate negative information from anyone's credit report is just not legally possible.  

These people are not there to help you. They are there to rob you of hundreds or even thousands of dollars for service fees and can't possibly fix your credits. Stay away from companies that want you to pay for credit repair services. This is against the law as under the Credit Repair Organizations Act, companies SHOULD NOT requires you to pay unless they have already completed the services that they promised.

You should also stay away from companies that don't tell you your rights and will not advise you of ways that you can improve your credits yourself for free. And any companies that do not recommend you to directly contact major national credit reporting companies are also up to no good, especially companies that promises to get rid of most or all of your negative credits, which as stated earlier is clearly not possible.

It is also illegal to invent a new credit identity and a new credit report using your Employer Identification Number instead of your Social Security Number.   And it is also not legally possible to dispute all information in your credit report regardless of accuracy and timeliness.

Remember that if you do anything illegal and commit fraud, this can only add to your problems, as this will probably bring you legal troubles. Lying on a loan or credit application, misrepresenting Social Security number and obtaining an Employer Identification Number under false pretense is a federal crime and will only bring you jail time if discovered. So it is better if you do your credit repair legally and try not too mind so much the processes that you have to do or even the amount of time it takes as this is the only way to rid you of your credit problems.