4 Reasons You Shouldn't Pay For "Credit Repair" - Copy - Copy

4 Reasons You Shouldn't Pay For "Credit Repair"

Introduction:

While there are some legitimate non-profit credit counseling services, many for-profit credit repair companies can be deceptive. They often make unrealistic promises and take advantage of individuals who may not fully understand their rights. At HMU Recovery, we believe you shouldn’t have to pay for empty promises — here’s why trusting the right team makes all the difference:

1. Accurate and Timely Negative Information Cannot Be Removed

No credit repair company can legally remove accurate and timely negative items from a credit report. They might dispute these items, possibly leading to a temporary boost in credit score but once investigated, accurate and up to date information will reappear.

2. Consumers Can Fix Errors for Free

You have the legal right to dispute errors in your credit report at no cost. Correcting genuine mistakes is fast, free, and simple through the credit bureaus’ online dispute tools.

3. Advance Fees Are Illegal

Charging upfront fees for credit repair services is against the law. Under the Credit Repair Organizations Act, these companies cannot collect payment until they provide the promised results. Additionally, companies using telemarketing must also adhere to the Telemarketing Sales Rule, which bans credit repair organizations from collecting payments until enough time has passed to see the promised results on your credit report.

4. You May End Up in More Debt

Sadly, paying a credit repair company often leads to more debt, not less. Scammers target people in tough situations, draining their resources without delivering any real results.

HMU Recovery Policies: What You Need to Know

If you’d like to learn more about HMU Recovery’s credit reporting practices, here are the key points:

If your account is paid in full or settled after reporting begins, HMU Recovery will request that the tradeline be deleted. In most cases, credit bureaus complete this process within 45 days.

HMU Recovery will not report an account if:

• Payments begin within six months of the initial notice being sent.

• Payments are made consistently each month until the account is resolved.

• All tradelines are required to be deleted seven years after the original delinquency date, though some states may require a shorter period.

Caution: Some companies may try to pose as HMU Recovery. Here’s how to confirm you’re actually speaking with our team if you receive a call claiming to be from HMU Recovery:

• We will always identify ourselves by stating our company name, HMU Recovery.
  Our account managers will introduce themselves by providing their full name and title.
  If we contact you, we’ll verify your identity by confirming specific details related to your account to ensure we’re speaking with the correct person.

If something feels off, don’t hesitate to contact us directly.

In Summary

The safest way to avoid falling deeper into debt is to steer clear of costly credit repair scams. Rely on trusted, non-profit credit counseling services or handle disputes directly with the credit bureaus for free.