Legal Credit Report Repair - Exposed

Exposed, the real truth about legal credit repair.

Perhaps you have just started looking into repairing your credit and want to learn a little about the basics of credit repair. There is an incredible amount of information to be found online, but much of it is contradictory " and confusing. Is credit repair possible? Is it legal? Where do you start?<br><br>Whenever somebody tells you that credit repair is unquestionably illegal, you must think about the source of that information. Often credit repair is associated with deadbeats who are looking to skip out on financial obligations. <br><br>When you consider that credit bureaus are for-profit institutions, it is no surprise that they are not motivated to double check the accuracy of your credit history. That is why these large companies prefer to convince you that repairing your credit is against the law. <br><br>Credit bureaus and bankers often publish information to imply that credit repair is illegal or impossible. In fact, one of the biggest misrepresentations is that a mistake - or negative item must remain on your file for at least seven years. The opposite is true, the government created a law that states seven years is the absolute maximum amount of time a bureau can hold this negative information against you. <br><br>Approximately thirty years ago the government enacted laws to help you - the consumer - when it comes to repairing an inaccurate report. Specifically, the Fair Credit Reporting Act, or FCRA is a collection of laws that are designed to regulate the large consumer agencies. These laws allow you to challenge any information that is inaccurate or incomplete. <br><br>Attorneys who are involved with consumer credit advocacy often are outraged when bankers claim information must remain on your file for seven years. The truth is that creditors and bureaus can report any information as long or short as they like. <br><br>Removing a questionable item from your record is within your legal rights and can be accomplished by way of a dispute. After you file your dispute the bureaus and creditors must perform an investigation within a time period. If they fail to do so, the questionable item must be removed. <br><br>This gives consumers the legal recourse to challenge errors and inaccuracies in their credit reports, which could be anything from a case of an entry that belongs on someone else's credit report, to debts that you have previously paid off, to a negative entry that you have every legal right to question. These are mistakes that could cause you to be denied the credit you deserve.<br><br>In many cases, legal advice and assistance can help you find a solution to credit repair, and who better to guide your through the process of legal credit repair than an attorney skilled in the credit repair process. If you do opt to select a credit repair attorney, make sure that the law firm is affordable and reputable. You may want to seek a law firm with a long track record and who has generated testimonials from satisfied clients.

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