Repairing Your Credit Yourself VS Having a Professional Do It

You have two options when it comes to repairing or restoring your credit. First, you have the option of repairing your credit by yourself. This is a good option for someone who has the time and commitment for do-it-yourself credit repair. It does take time, and you have to know what you are doing.

Fixing Your Credit Yourself

You should consider the following questions before jumping into cleaning up your credit by yourself:

1. Am I prepared to do a lot of research and learn the methods of credit repair?
2.Do I have the time and commitment to follow this to completion?
3.Do I feel comfortable negotiating with collectors?

If you want to jump into do-it-yourself credit repair, I recommend you give an expert a call first to see if it really is worth the time. This is a good place to start if you decide to make the leap and clean your own credit report.

Have a Professional Clean Up My Credit

Your other option of course is to let a professional credit repair company handle repairing your credit. This option is best for people who just want to be done with the whole thing.

There is usually a fee for this, but it’s not bad, relatively. Also, many credit repair companies offer you a free consultation where they will go over your options. If you’re looking for somewhere to start, I suggest you check out Rising Point Solutions, LLC. They’ll take care of you.

If you have any questions about credit or credit reports message or email me at michael@risingpointsolutions.com. Better yet, you can contact me directly at 727-835-8416.

How To Write a Dispute Letter

Tell the credit reporting company, in writing, what information you think is inaccurate. Include copies (NOT originals) of any documents that support your position. In addition to including your complete name and address, your letter should identify each item in your report that you dispute; state the facts and the reasons you dispute the information, and ask that it be removed or corrected. You may want to enclose a copy of your report, and circle the items in question. Send your letter by certified mail, “return receipt requested,” so you can document that the credit reporting company got it. Keep copies of your dispute letter and enclosures.

Credit reporting companies must investigate the items you question within 30 days, unless they consider your dispute frivolous. They also must forward all the relevant data you provide about the inaccuracy to the organization that provided the information. After the information provider gets notice of a dispute from the credit reporting company, it must investigate, review the relevant information, and report the results back to the credit reporting company. If the investigation reveals that the disputed information is inaccurate, the information provider has to notify the credit bureaus so they can correct it in your file.

When the investigation is complete, the credit reporting company must give you the results in writing, and a free copy of your report if the dispute results are changed. If an item is changed or deleted, the credit reporting company cannot put the disputed information back in your file unless the information provider verifies that it’s accurate and complete. The credit reporting company also must send you written notice that includes the name, address, and phone number of the information provider. If you ask, the credit reporting company must send notices of any correction to anyone who got your report in the past six months. You also can ask that a corrected copy of your report be sent to anyone who got a copy during the past two years for employment purposes.

Under the Fair Credit Reporting Act (FCRA) alone, there are hundreds of laws that an item has to follow to be reported on your credit report. If you have any questions about credit or credit reports message or email me at sales@disputedelegation.com. Better yet, you can contact me directly at 727-835-8516.