How To Repair Credit And Fix It For Good!

Learning how to repair credit can seem like an insurmountable task, in some ways it is and in some ways it simply isn’t. The practice comes down to challenging a specific item to a creditor and requiring them to document that claim against you. They then have a certain amount of time to substantiate themselves against you to either Experian, Equifax, or Transunion. Typically you have to challenge an item for each bureau individually. This is done simply by sending a credit dispute letter to the proper address of your collectors and the credit reporting agencies explaining what it is exactly that you are wanting to challenge on your credit report.

The process starts to become complicated when you get into the timing issues when making sure that the bureaus are updated to the fact that the creditor you have disputed an item with has passed the time allotted to them to respond accordingly to Fair Credit Reporting Act.

It’s possible for the individual to learn how to repair credit and do so successfully, but honestly the advantages of using a professional service far out where way the only advantage I can think of by doing it on your own which is, you save a few bucks a month. I originate mortgages for a living and so I’ve had my fair share of experiences with credit challenged clients. Any time I’ve ever had a client try to do it on their own, it always took longer and was less effective than if they had used a professional.

I know it can a tempting prospect to want to learn how to repair credit, but the game is so intricate that it’s best just to spend the few bucks to have a good low cost credit repair attorney do it. You definitely don’t want to hire the local guy who is trying to make his car payment for the month off of you. These guys from my experience are less effective than a high volume company that’s fit to handle your file with a personal touch.

Who Knows How To Repair Credit The Best?

There is only one company I refer my clients to when they ask me how to repair credit for themselves, that company is Lexington Law. I know the idea of using an attorney group sounds expensive but it’s really not. Lexington Law is one of the most cost friendly credit repair companies I’ve used. These guys really know how to repair credit, chances are you will be amazed at the results they produce when fixing your credit.

When I have a client that comes to me with a score in the low 500’s I don’t even blink an eye anymore. I just tell them to call the number and get signed up, and with the right level of participation on their part their scores can easily go up enough to get them financed for a home. Every one’s situation is unique, but I have yet to see a client who hasn’t been satisfied the Lexington Law Firm. This has always been a service that’s been best for me to outsource. The pros over there are the ones who really know how to repair credit, but I’ll clue you in on a few tactics they use.

How To Repair Credit 101

Here is what I do know when it comes to how to fix credit. ANYTHING can be disputed, because if a creditor or collector can’t verify their claim against you with substantial documentation then they have no right to continue to report that item to the credit bureaus. Lexington Law will dispute the item to Equifax, Experian, and Trans Union in a delicate balancing act of timing between the creditor and the reporting bureaus.

Timing is crucial for your credit repair campaign. Your collectors have a certain amount of time to respond to your request to substantiate your claim. If they don’t respond in the amount of time outlined in the Fair and Accurate Credit Transactions act of 2003, then the credit reporting agencies or the credit bureaus are required to remove that negative item.

If you need the service you should just call the number and let the professionals do their thing. If you want to figure out how to repair credit for the fun of it because are interested in credit repair law and you are hands on then go for it, but my experience has been that those who try and learn to how to fix credit on their own rarely succeed. The great thing is if you call Lexington Law you get as free consult with a knowledgeable paralegal, who will answer any questions you may have without making you take your credit card out. It’s a no hassle consultation. These guys really know how to repair credit better than anyone.

Author: Keith Meredith