Your Questions About Credit Repair Letters

ItIsAllHere answers:

Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service – buildcredit.ifastnet.com

ItIsAllHere answers:

Yes you’re absolutely correct. 1. Credit repair agency disputes all the “bad accounts” 2. Creditor doesn’t respond 3. Account gets deleted. HERE’S THE OTHER PART OF THE STORY: 4. Creditor finally does respond and shows proof that the account is yours–BANG–the “bad account” gets put right back on.

I personally don’t believe in dealing with repair agencies or counseling agencies, because everything that they do for you is simple; and you can do the same things with a little bit of time and research.

The bottom line is, you can’t have a credit repair agency fix anything if what is being reported is actually accurate. Disputing it with letters may take it off temporarily, but once the creditor responds and proves it truly is due, the account goes right back on there.

ItIsAllHere answers:

The best way to get your credit repaired is to be honest with the reporting companies, simply explain your situation and they can get you going in the right direction. Good Luck.

Experian 800-553-4785
Equifax 800-685-1111
Trans Union 800-888-4213

Call the reporting companies & ask questions, they will be happy to help. Also, check each companies web-site, they will have a place to download the forms you need to correct the problem.

ItIsAllHere answers:

You don’t need a formal letter. In fact, you are better off NOT using one of the many form letters floating around. Most are just chock full of bad info and very aggressive.

Start with a copy of your credit report from one of the 3 credit bureaus. You can access free annual copies from each credit bureau online thru AnnualCreditReport.com.

If there are errors on the report, you can submit an online dispute — you don’t even need complete sentences. Just list the error and why. Keep it simple. Or you can send a letter.

Derogatory items age off your credit report 7-1/2 years from the date of first deficiency. This is per the FCRA and nothing restarts that clock. If defaulted debts beyond the reporting period show on your credit report, just dispute them as being too old.

Closed accounts in good standing remain on your credit report for at least 10 years. There is no advantage to removing them as they help your credit history.

ItIsAllHere answers:

Federal Ttrade Commission: http://www.ftc.gov/bcp/conline/pubs/credit/repair.htm
Others:

http://www.creditinfocenter.com/forms/

http://www.americanloansearch.com/info-creditrepair-letters.html

If you’re simply disputing an item on your credit report, it doesn’t take much — the credit agency from whom you got the credit report can tell you what information they want included. For the most part, if they say you owe something that you don’t think you owe, the burden of proof is on them.