Written By: Edward Jamison, Esq., founding attorney of the consumer credit law firm Jamison Law Group and also the creator of the one-of-a-kind web-based solutions for mortgage brokers called the Credit Reporting Paradigm. For more information about his products, visit www.LoanOfficerTraining.com or visit his website at www.EdwardJamison.com.
Don't let anyone tell you that credit repair is effective every time, because it's success varies with the number of players in the game, some of whom never perform consistently.
Even if you were a true master of credit repair, you have to take into account that sometimes the other players perform in a way that throws you off your game. Take Shaquille O'Neal for example. Although he has the ability to win every game for his team, there are going to be times when the other side has a formation that takes him outside of his normal game and causes his results to be less than optimal. Given that fact, you still cannot predict with any degree of certainty whether or not he will perform well or poorly the next time he faces the same team.
Credit repair is similar. Sometimes the opposing side shows up strong; other times they don't. Human error is always a factor at some level, and, even if you follow the same approach with every situation that arises when doing credit repair, your results will still vary due to the other players involved. So the next time someone tells you they can get everything repaired on your credit, run the other way, because, at best, the pendulum will swing widely both ways for the same situation.
Credit repair limitations occur (almost 100% of the time) under the following situations. These situations make it nearly impossible for credit repair to help someone needing results within six months to a year. Please keep in mind, though, that even when a client can't be helped in the short term, the advice that can be given now, if coming from a professional, can prevent them from making a mistake in the near future that may worsen their situation.
Here are examples of situations where not much can be done within a six-to-twelve month period.
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