Credit Repair That Works Guaranteed
Would you like to learn the real facts about credit repair? Learn to separate the sales gibberish from meaningful content? Then keep reading.
For one moment I want you to forget everything you have read about credit repair. I've read, and wrote a lot of credit repair articles and even I get confused with so much information floating around.
Ready to learn how to improve your credit scores on your own for free? Then follow what I explain and you will learn the facts, guaranteed. It takes nothing more then some homework.
Credit report repair is not about sending generic dispute letters as it once was. The FCRA puts a limit on the amount of time Credit bureaus have to investigate and prove a disputed, alleged debt. If they can't prove it in time, it had to be deleted
Once upon a time, it worked. Credit Bureaus are on to that method and I promise you, they will verify the debts in time 9 out of 10 times.
This leads me to step to
Step #1. You must learn the Fair Credit Reporting Act (FCRA) I recommend an abbreviated version if you don't want to die of boredom.
Step #2. Learn how to read a credit report. You're mainly looking for balances, date of last activity for each account, Credit Limits and payment history. You can get a free tri-merge credit report at www.annualcreditreport.com
Step #3. Learn the FDCPA - Again Abbreviated version should work. This law governs 3rd party collection agents. This is where you'll score most your points. These guys can't seem to follow the rules.
Other laws to look at;
The truth in lending act
Fair Credit Billing Act
Hippaa - Medical disputes
Service members Civil relief act - special Military laws.
If you don't see where I'm going with this, it's about finding actual violations of your rights, not depending on luck, loopholes and generic letters. It will take some time, there are a lot of laws to learn.
You don't have to be a lawyer, but you do have to get out that fine toothed comb and figure out who has made mistakes.
IF there are violations of your rights, there is a great chance ANY debt, accurate or not can come off. It comes down to negotiating a trade off between you, and the "violator"
Credit Repair Companies can help you and I do believe they are worth the money. They are worth the money because they save you the time of learning all the laws.
However, not the ones that use those letters I spoke of. You can spot one of these companies if they don't have a lengthy interview with you about your credit problems. Why? Because if they don't know the facts, then you can bet they are just relying on "those letters"
Now go start reading.
Related Tags: credit repair, bad credit, credit report repair, fix credit, improve credit score
Marc Chase is a Partner and credit consultant at http://www.mycreditgroup.com Where you can find the most effective and legal ways to repair your credit!
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Debt Settlement Programs In 2010 - Learn How To Get Your Debt Bought Out
Are you (interested in|searching for} some great information on debt settlement programs?Are you sea - Many Ways In Which A Debt Settlement Company Can Help You
Have a look at the latest figures of total personal debt in the United Kingdom. As per the reports, - Debt Consolidation Services Whats Best For You
A debt consolidation service is really a loan that is applied for to pay off pre-existing debt. Prec - Debt Consolidation Advice
If you don't know how to repay your various debts, and find your creditors chasing you for the payme - The Guide To Debt Solutions
By the end of 2009, the number of personal insolvencies that had been filed in courtrooms around Eng - What Debt Solutions Do You Have Available?
For people who find themselves in a difficult financial situation there are a number of debt solutio - Government Debt Management Help And Advice
No matter how good your money management skills are, there might come a time when you'll find yourse - Paradise Found With Debt Consolidation
Paradise Lost-Paradise Found with Debt ConsolidationIf your life and the life or your family is not - How To Consolidate Credit Card Debt?
Have you ever wondered if what you know about Consolidate Credit Card Debt is accurate? Consider the - A Very Simple Approach To Debt Reduction That Works.
Debt Reduction seems to have become fashionable and its not considered a dirty word anymore. The eco
Most viewed articles in this category:
- Help is Around With Consolidation Loans
If piling debts is a cause of concern for you, then read on to find the key to solve your problems. - Debt Consolidation Loans: it is Never Too Late to Mend your Ways
The fulfilment of desires in our lives is like mirage; the more you chase them, the more they seem t - Debt Consolidation To Avoid Further Damage To Your Credit!
So if you are beginning to miss payments or pay late and you fear your credit will get ruined, it's - Reduce Credit Card Debt by Managing Debt
Reducing your credit card debt is not easy, and requires planning and discipline. We all know that - Consolidate Debt Through a Bad Credit Mortgage
How can anything called a "bad" credit mortgage be considered good? You would be surprised that it - Debt Consolidation Loans - Bring your Finances Back on the Track
Debt consolidation loans enable one to pay off all his debts in one go. It is an option to merge all - Take Advantage of Credit Card Debt Counseling and Get Rid of Your Debt
We all know how credit card debt can creep up on us. The credit card companies are only too happy t - Time Share Your Way Into Debt
Cancun, do you want to live here for a couple weeks a year? Hey if you want to learn how come attend - Roll your Debts Into a Single Manageable Debt With the Debt Consolidation Loans
Are you deep into debt but clueless on how to get out of it? Are you losing your nerves keeping trac - Debt Consolidation - Is it Right for Me?
Many people search for a way to bring life back into their finances and relieve their ever growing