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from: Self Credit Repair Can Be Next To Free
The only reason you should hire someone to help fix your credit rating is if you will not have the time to send letters on your own. The many companies offering to fix your credit for you cannot do anything that you are not able to do yourself under federal law allowing for self credit repair. Promises to remove all negative items from your report can only be kept if the items either should not have been there in the first place or they are beyond the statute of limitations.
Credit reporting agencies are required to report only factual information and if challenged, they must prove that something in four file is accurate and belongs there. If you are looking to improve your credit score and are working on self credit repair there are some simple steps you can take.
First, you will need to get a current copy of your credit report from all three of the national reporting agencies and review it for accuracy. If you find something on your report that is not correct, you can send a letter to the reporting agency disputing its accuracy and be sure to include a copy of any proof you may to support your dispute. Even though you are working on self credit repair the agencies are required to investigate all claims and if proof is obtained contradicting the report, the item will be removed.
Never Pay Before You See Results
When you contract with a company to repair your credit report, they cannot do anything you cannot do with a self credit repair effort and if they claim to be able to remove every negative item on your report, they are not being honest with you. Often you will be billed an upfront fee to fix your report and the Federal Trade Commission strongly advises against paying for credit repair services until your report is cleaned as promised.
Conducting self credit repair can be a timely process, especially if the report is inaccurate at all three agencies, and it will require being in written contact with them all throughout the process. Turning your self credit repair efforts over to someone else can free up your time but the company will not be able to accomplish anything that you could not do on your own. Regardless of the promises these companies may make, if a negative item on your credit report is accurate, it will not be removed until the appropriate amount of time has passed.
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