Wondering what credit repair is all about? Credit repair is a process of correcting inaccuracies, redundancies and unverifiable information on your credit report, generally you could say that this process is aimed at fixing past mistakes or rather a bad credit report which was disoriented for whatsoever reason. Guess you are already thinking if it is possible to fix a credit report? Well, my answer is a yes and it is no magic neither are the claims to clear your debts. Most often reports sent by credit agencies could come with errors, studies have shown that report 79% of credit report sent have form of error or the other, another has shown that 1 in 5 reports sent have errors in them that could be systematic or some sort of mix up. These when accumulated over a period of time could accumulated into very large sums (even up to hundreds of thousands of dollars pending significance of the found error and how long it has been). These and others factors bring us to the need for a credit repair.
And are you by chance also wondering if it is legal? Of cause yes, it is legal to do a credit repair. Credit repair leverages on the accuracy, fairness of a credit report as well as if it can be substantiated which is in line with the law. Summarily the Federal Fair Credit Repertory Act (FCRA) promotes the accuracy, fairness and privacy of information in the files of consumer agencies but you know, the truth is, many consumers do not know of these rights and privileges that ought to be respected. Let’s suppose there is an item is found on your credit report sent by the credit bureau that cannot be verified, then it must be removed.
How can this be removed? Through the process of credit repair. First and foremost, the credit report has to be thoroughly checked for any abnormalities then and if found, a dispute letter for the abnormal or unverified item is created and sent to the credit bureau for confirmation which could take a period of 30 days (45 days for special cases). This whole process could be tedious and the waiting period could also be frustrating but you must be persistent because it is worth it when you see the outcome and the effect of the result on your credit score. If items are not removed from client credit report, you will have to send follow up letters to the credit bureau reiterating the dispute and reason behind it. One may have to send these follow up may have to be send several times. This process like I said earlier the to and fro process could be tiresome but with the help of a credit repair company such as Fresh Start Credit Repair (FSCR) the whole stress of writing and following up will rest on FSCR. In this case, all you will be needing will sending duplicates copies of necessary document (documents relating to the dispute) which will be needed in the event that the dispute reaches a law court.
Many of us really do not know how credit bureaus calculate credit scores since there are several different lines of credit variations, but I will like to say that they are calculated based on 35% payment history, 30% amount owed, 15% length of credit history, 10% inquires/recent decision and 10% types of credit used, and without a the help of professional that has a full knowledge of this, and how to go about it will be very difficult to comprehend the credit report at FSCR all the professional help needed on how to calculate your credit scores and help you fix all errors on your credit report.
Looking at the procedure of credit repair, the process and how tasking and demanding it is, why don’t you try a credit repair today to make sure that your credit report is perfect? Why not leave it in the hands of a good credit report company that knows the law and also how credit scores are calculated and handle, why not visit us at FSCR and plus the fact that we will give you an opportunity to get free legal advice on how to go about your credit report and repair. Just give us a call and that report of yours fixed.[contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Website’ type=’url’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][/contact-form]