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Credit Repair 101



As a consumer it is your responsibility to monitor your credit. As a consumer it is your legal right to challenge information on your Credit Bureau Reports that you deem to be Inaccurate, Untimely, Misleading, Incomplete, Ambiguous, Unverifiable, Biased, Unclear, or Questionable.  

How does this information affect you, the average consumer? Misreported Credit Bureau information can significantly decrease your overall credit rating. Research shows that 79% of consumers currently have serious errors or false delinquencies on their Credit Bureau Reports. Research also shows that, on average, consumers with bad credit spend $12,000 more per year in interest than consumers with good credit (that’s $660,000 over an average adult life span). 

What can the average consumer do? Once again, The Fair Credit Reporting Act ("FCRA") gives the right to the consumer to dispute, with the Credit Reporting Bureaus, inaccurate, incomplete, and/or obsolete information appearing on their credit reports. Following the regulations of the FCRA, the Credit Reporting Bureaus must investigate all consumer disputes and contact the supplier of such erroneous information in order to verify the accuracy of the trade line in question. And per FCRA regulations, the supplier of said information must, within thirty (30) days, verify the trade line or update it so that it becomes accurate. If they do not, it must be deleted.

So why use a Credit Repair Service? Unfortunately, the dispute process is tedious for the individual consumer; and the Credit Reporting Bureaus have implemented means which have further
de-railed the intent of the FCRA. Although it is true that consumers absolutely have the legal right to challenge entries wrongfully displayed upon their Credit Bureau Reports, the dispute process is confusing, exceptionally time consuming, and ultimately, produces very few positive results when done via the consumer alone. The analogy that we like to use is, “you wouldn’t go to court with out a lawyer, so why would you take on this legal procedure without proper representation?”

So check into fixing your credit today.



How to Qualify
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