Lawful Credit Repair Is Your Right!
Posted: under Economy.
Tags: credit, credit repair, credit repair companies, credit repair company, credit repair methods, credit reporting, credit reporting agencies, debt, do-it-yourself credit repair, Economy, improve your credit, legal credit repair, Personal Finance
More and more people are having vehicles repossessed, having their homes foreclosed upon, and falling behind on the payment of their bills. Many consumers, therefore, are looking for ways to improve their credit scores and are questioning if credit repair is legal. The short answer is “yes,” credit repair is legal, but let’s dig a little deeper than that.
A quick internet search will provide you with the web sites of a multitude of companies who profess to rebuild your credit for a fee. These companies may seem to be a wish come true to those who suffer from bad credit and want to increase their credit score.
Many companies which promise something that sounds “too good to be true” are actually peddling exactly that, something that is too good to be true. On the other hand, there are many companies who will work within the law to improve your credit score.
If a company claims it can remove court judgments and bankruptcies from your credit history, don’t believe them! While this can be done, it can only be done if there is a significant reason for doing so. One such reason would be if the bankruptcy wasn’t yours and was applied to your credit history by mistake. A bankrutpcy will typically remain on your credit report for up to ten years and, if you have actually filed bankruptcy, then there is no LEGAL way to remove it.
One way to begin repairing your credit, is to work on repairing your credit yourself. There is nothing these companies do that you cannot.
To start your credit repair journey, it is essential that you obtain a copy of your credit report. Equifax, TransUnion, and Experian, the three major credit reporting bureaus, are required to provide you with one copy of your credit report, upon your request, each year. You can also call (877) 322-8228 and request a copy of your credit history from a representative of Annual Credit Report.
You should review your credit report carefully once you receive it. You should be on the lookout for any inaccurate or false information. You can request that the inaccurate or false reporting be amended or removed by writing a letter to the credit reporting agency. If you have any documentation which supports your claim, then you should include it with the letter. Always keep copies of all correspondence and documentation to and from the credit reporting bureau.
So, is credit repair legal? Yes. Do you have to pay someone else to do it for you? No. All you need is the knowledge and desire to repair your credit yourself.
How I Stopped NCO, Fixed my Bad Credit, and Raised my Credit Score 163 Points in Less than 14 Days. www.myncodebt.com
categories: credit repair,legal credit repair,credit repair company,credit repair companies,do-it-yourself credit repair,do it yourself credit repair,credit repair methods,improve your credit,credit reporting,credit reporting agencies,debt,credit,personal finance
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Dec 30 2009
