DO IT YOURSELF CREDIT REPAIR

Credit reporting is fully automated. Credit scoring works entirely by machine. Data entry is performed by overburdened clerks. Information about you and any particular loan or credit related transaction is entered one time into this vast system and just assumed forever after to be accurate and complete. One digit off in your social security number, a mistyped middle initial, a slightly wrong address can cascade into a multiplicity of errors that if left uncorrected could cost you thousands of dollars over time.  Government studies suggest that at least 10% of all credit reports contain major, lifestyle-changing errors. Other studies conclude that as many as 79% of all credit reports have some kind of misinformation or error that impact the scoring formula.

While it is true that the Fair Credit Reporting Act (FCRA) provides a mechanism for disputing credit report errors the law does not provide enough disincentives for credit bureaus and original creditors who choose for purely economic reasons to skirt its intent. In other words, it is cheaper for them to ignore the law because most consumers will just go away when they meet any opposition. For years, some insurance companies denied every claim as a matter of policy because they knew the same thing. Credit restoration is doable but it 's not a walk in the park.

When you check your credit report and find an error you write a letter to the credit reporting agency disputing the error, complete with all backup documentation to prove your claim. What do you suppose actually happens at the credit reporting agency? If it happens to be Experian your carefully prepared claim package is shipped off to Jamaica where a data entry clerk (a.k.a. investigator) is allowed no more than four minutes (company policy) to read and analyze your material and summarize it into a prescribed two digit code (e.g. "not his/hers") that will be forwarded to the original creditor that made the loan, issued the credit card, or otherwise initiated the negative information.

The "investigator" at the creditor, according to court records in recent MBNA litigation, will investigate your claim, along with 250 others that day, by matching the meaning of the two digit code with the data it already has its own computer records. Even if the credit provider's data is factually inaccurate there is no need to go any further because it is assumed to be correct without checking. Your claim is denied without further investigation. Your detailed backup documentation, by the way, is still sitting in Jamaica because it was never forwarded to the creditor. Is it any wonder that almost every consumer credit report dispute is resolved against the consumer?

Probably the most important quality you need to do your own credit repairing is attitude!  Dropping a couple form credit repair letters in the mail isn't going to cut it. You have to be ready to take on your creditor, the credit report agency, and the collection agencies on their home turf with every weapon at your disposal. This is your first time. They've been through it thousands of times.

You have to know how the credit system works from the "inside", what buttons to push, and have a complete file of proven legal letters to push them. You have to be willing to go to small claims court if you must and play hardball when you get there.

The Credit Secrets Bible home study course sales letter reads like a men's magazine expose but it's been the most popular do-it-yourself credit repair course since 1994. The course contains all the special forms, letters, and inside information you need to raise your credit score up to 249 points in 8 weeks. It is a downloadable ebook and audio course so you can get started immediately.