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About the 100-Word Statement

Many credit repair manuals recommend that you file a 100-word statement with your credit report explaining the circumstances of the negative credit that remains. We object forcefully, and recommend you never submit such a statement.

The truth is that creditors do not bother looking beyond the credit bureau's rating that appears on your report when you apply for credit. If you submit a 100-word statement, all you are doing is verifying the negative listing(s), making matters worse. 100-word statements should be the first items you remove from your reports.