CREDIT REPAIR Services (CONT)
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When the investigation is complete, the credit bureau must give you the results in writing and a free copy of your
credit report if the dispute results in a change. If an item is changed or deleted, the credit bureau cannot put the disputed information back in your
credit report file unless the creditor comes back and "verifies" that
the disputed information is accurate and complete. The credit bureau must send you written notice that includes the name, address, and phone number of the creditor that provided the negative information.
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Credit bureaus make money processing data. Creditors make money collecting payments. Resolving your dispute
and fixing credit reports is
not a priority for them. It costs them money. Your success at bad credit repair
will very much depend on how well you make your case and how professionally you
present it. Bombarding credit bureaus with undocumented denials may kick the can
down the road, but is not likely to achieve the desired result - improving your
FICO credit score.
Read the article on
Do-it-yourself credit repair, and if you can find the
time also read the
Congressional testimony about how the credit reporting
industry really works.
Preemptive Credit Repair
Perhaps the best way to get credit repair help is to attack the problem before the negative information gets
on your credit report. Contact your creditors and try to negotiate an arrangement that gets them paid over time without them
mucking up your credit report. Nobody is required by law to report negative credit information. If you have the cash maybe you could make a deal that pays them off if they agree to remove and not resubmit the negative information. It's tough to be creative when you're under attack but if you want to be your own
Lexington credit repair
attorney you have to be.
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