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Read this article to improve your credit scores by drawing on the experience of credit repair Professionals, not salesmen.
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.
Marc Chase is a Partner at MyCreditGroup.Com ? A nationally recognized authority on credit report repair. His company is used by agencies such as, Washington Mutual, Country Wide bank and they have been featured in several prestigious newspapers as ?one of the few true authorities on credit repair? The Department of Defense sends Military personnel for credit repair problems. Visit his site at http://www.mycreditgroup.com
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