For starters these are billion dollar corporations versus a person that may have enough saved up to buy a pair a shoes and if we’re lucky enough to buy a home.
Yet these businesses are backed and supported by corporate America. So, it can at times be quite challenging to fight these major Fortune 500 Companies with just a pen or mouse pan.
That being said, yes you can fight, but winning can be quite challenging if you do not have your ducks in row.
To get these ducks in row it is important to know that Equifax, Experian and TransUnion all have thousands of employees standing by to insure they are organized and ready to handle whatever dispute or challenge you may have with a debt collector.
These collectors at time do not always have their ducks together and this is where you will need to shine.
Finding that there is a discrepancy on your credit report is important to winning and getting that negative item removed off your credit report.
Getting the item removed can take a little bit of time, perhaps 30-45 days in most cases.
However, it is important to make sure you do everything possible to provide clean clear identifying documents that can prove their mistake. Once this mistake has been proven you will then need to make sure you fax scan or email this to all 3 major bureaus above so that way this can be removed. Many bureaus have been overburden with false disputes and at times this can clog up the legit ones and lead to more costs and headaches for the removal process.
There are also Lawyers that are hired to process your disputes like Lexington Law. This company claims at times to be office full or attorney when in fact most are either paralegals or just plain phone representatives that are there to insure your dispute letter are accurately written before they are mailed to the bureaus.
Yes, by law to some existent you can’t hire someone to file a dispute for you regarding credit but you can have someone overlook the documents before you sign them and mail it to the bureaus if inaccuracy exists.
Yet, you cannot get Lexington Law to write false letters to get an item removed from the credit report, the letters need to be backed by your statement and signed by you.
The good news is the law is behind you in terms of getting items removed from your credit
Some people say there is no way you can have credit repair. Well I suggest you call one of these bureaus and find out exactly what it means to have a dispute department.
Yes, credit repair exist no matter if it is illegal credit repair or legal credit repair, credit repair still exists.
The illegal credit repair is when people or repair or hire someone to repair their credit using false documents to get items removed from their credit that should still remain or should still be reported to the credit bureaus. This information at times is removed by abusing the credit laws that are to support people.
These laws state that a creditor has 30 days to prove the existence of legit reporting of your account. Meaning whatever they reported to the bureaus is supported by legit documents signed, verified and authorized with your knowledge. These documents also need to be faxed, mailed or emailed to the 3 credit bureaus.
Do not abuse these credit laws because if it is shown that your personal disputes are not legit the will be forced to suspend your disputes for up to 6 months not allowing you to process your disputes. Yes, fraudulent disputes on the credit report happen daily in fact is happening right now.
It’s pretty serious that many people hire third parties to handle these services because at times people feel that there is some sort of loop hole in the system that can allow many people to get away with having a 700 credit rating even though they do not deserve it.
So yes, you can do it yourself in terms of credit repair, but be sure you know what you are doing because the bureaus deal with millions of disputes every month and are prepared to identify a legit one or something that is just frivolous.