It may sound like a scam, but there are legitimate companies who can actually help you remove errors from your credit report or fix omissions within 72 hours. If youve tried to correct the situation on your own, you know it can take weeks, even months before it is actually straightened out- and if youre in the middle of trying to buy a new home or a vehicle, the 72 hours can really help you get the loan as well as the lowest possible interest rates!
How To Use Rapid Rescoring Services
Unfortunately, individuals cant use the services alone. Rapid rescoring is typically offered by independent credit reporting agencies, and used by mortgage brokers and lenders to help get their customers better loan terms. If a company indicates instant credit repair and is geared towards consumers-it has to be a scam.
If youre in the middle of a dispute with a particular item on your credit report, or you have negative items that are there because you failed to make the payments, rapid rescoring is not able to remove the true negative items or work with items that you are currently disputing.
When a mortgage broker or lender uses rapid rescoring on your behalf to...