There is nothing that a credit repair company can do for you that you cannot do for yourself.
Credit Repair is made possible AND LEGAL under the Fair Credit Reporting Act (FCRA).
The FCRA gives you the right, under federal law, to dispute inaccurate information on your credit report.
Reviewing and correcting your credit report does take time, so you will want to begin as soon as possible, and you will need to have patience for the credit repair process.
Your Credit Score will not improve without first correcting what is wrong with your Credit Report.
The more you correct on your Credit Report the higher your Credit Score will naturally improve.
Make sure to understand the difference between a Temporary Deletion and a Permanent Deletion.
Credit Reporting Agencies (CRAs) are large warehouses of information, and though they use technology, sometimes it does take time to research information, however, this does not change compliance laws under the FCRA.
There may come a time that you may need to involve an FCRA Attorney to protect your legal rights.
Understanding the Credit Repair Process
FIRST: you will be requesting your credit reports from all three major Credit Reporting Agencies (CRAs).
SECOND: once you have received your credit reports, you will take the time to review, identify, and verify all information.
THIRD: you will then prepare letters for you to send to each CRA to dispute the item(s) which you judge (or believe) to be inaccurate including a written request to correct these items on your credit report.
FOURTH: send your dispute letters by Certified Mail Signature Required so that you can confirm receipt of your dispute letters (DO NOT SUBMIT YOUR DISPUTES ONLINE) and set a reminder of 30 to 40 days on your calendar to follow-up.
THEN… you sit back and wait.
Yes… you wait for the CRAs to respond to your dispute letters.
Your next step(s) will be determined by how the CRAs respond (or DO NOT respond) to your dispute letters.
FIFTH: review the CRAs response(s):
If you receive a positive result from the CRA (meaning a removal or modification in your favor) then you are done with that particular item (creditor).
However, if you receive a negative response from the CRA (meaning a challenge to your dispute letter or no change at all) then follow up with another response letter that challenges the CRAs position.
This is a One Hundred Foot View of the Credit Repair Process.
If you are ready to get started, let’s get down on the ground and let’s go to work.
