Myth-Busts Credit Repair

Celeste Edmunds-Brady
Manager of Community Affairs
Phone: (801) 657.9088
Email: dispels bankruptcy and other myths with educational series

Salt Lake City, UT — December 10, set out on a mission to dispel credit repair myths. recently conducted a random consumer poll to learn about what myths plague the credit industry. The top myth: 80% of those polled believe it takes seven years to remove negative items, like bankruptcies, from a credit report. The truth of the matter is that credit reporting in the US is entirely voluntary, with no enforceable minimum time period. “If creditors cannot document fair, accurate, and substantiated credit reporting, then their credit report data must be removed,” states’s President Scott Smith. Myth busted.

“One of the astounding myths we’d also like to dispel is that seeking help in repairing credit is unlawful, states Scott Smith. Consumers have the right to either repair their credit themselves or seek professional assistance to help them accomplish their credit goals. Either way, now more than ever, according to the federal government, they do have the right to repair and correct items on their reports that are reported inaccurately.” For additional information on the Five Myths of Credit Repair, please visit will launch a series of infographics over the next few weeks which are geared towards educating their members and all consumers about credit repair and credit education in general. “I’ve found the people at to be really helpful and empathetic. It’s the one company that doesn’t treat me like a second-class citizen because of my poor credit history. I would recommend to anyone – and I often do,” said James, a member.

Posted in Credit Repair
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