Correcting credit errors is a miserable process. Once you finally end the procrastination about fixing your credit, you have to make a decision. You can take one of two different credit repair paths.
The first option is to fix your own credit. The second option is to hire a law firm that specializes in credit repair. You might think that it is cheaper to do it yourself. However, there is more to the process than meets the eye.
Perhaps not. If you are trying to avoid hiring a credit attorney you are probably not considering the real expense, both in resources and time, of attempting to repair your credit yourself. First of all, to be effective youll need to research and understand your legal rights. There are state and federal laws which apply, notably the Fair Credit Reporting Act (FCRA).
If you are not the type of person who enjoys legal research in your free time, or don't have patience for translating wordy statutes and confusing case laws from around the country, then this might not be for you. But if you are determined enough to plow through the stacks of law books, then you should expect to spend at least a a few Sunday afternoons researching applicable credit laws at your local library.
Assuming you are able to understand the case law and statutes, then you have to move onto the more important part of credit repair. The next step is to write a coherent and compelling dispute letter. You will need to cite the applicable case law and disputed items.
Specifically, a good credit bureau dispute letter must contain certain elements, and must be silent as to other elements. Your dispute letter will be ignored if not drafted properly. If you write the letter incorrectly, the bureaus will probably throw your dispute in the garbage and you have to start all over.
Even if you are a good writer, you probably are not going to enjoy standing in line at the post office. To ensure your dispute receives a proper investigation, you will need to mail the letter via United States Certified Mail.
Plus, mailing out a letter via certified receipt is an all consuming process. Wouldn't you prefer to spend that time planning a vacation or relaxing during your lunch break at work?
Disputing your credit without the help of an attorney takes a great deal of organization. Assuming you are trying to remove more than a single bad credit item, you will have to stay on top of the progress of your case. To make sure the bureaus or creditors did not ignore your dispute, you will need to create a spreadsheet to track the results of each dispute and negotiation.
As you can see credit repair is not a fun experience. There are so many better and more efficient uses of your time. Plus, it is difficult to learn and apply complex legal statutes and case law to your unique credit experience.
Discover the secrets to delete negative credit items, improving your credit score, and getting approved for the car of your dreams. Tips, advice, and real life experiences on avoiding <a href="http://www.creditforcouples.com">credit repair</a>scams, crooks, and con artists. Get your credit card score
The first option is to fix your own credit. The second option is to hire a law firm that specializes in credit repair. You might think that it is cheaper to do it yourself. However, there is more to the process than meets the eye.
Perhaps not. If you are trying to avoid hiring a credit attorney you are probably not considering the real expense, both in resources and time, of attempting to repair your credit yourself. First of all, to be effective youll need to research and understand your legal rights. There are state and federal laws which apply, notably the Fair Credit Reporting Act (FCRA).
If you are not the type of person who enjoys legal research in your free time, or don't have patience for translating wordy statutes and confusing case laws from around the country, then this might not be for you. But if you are determined enough to plow through the stacks of law books, then you should expect to spend at least a a few Sunday afternoons researching applicable credit laws at your local library.
Assuming you are able to understand the case law and statutes, then you have to move onto the more important part of credit repair. The next step is to write a coherent and compelling dispute letter. You will need to cite the applicable case law and disputed items.
Specifically, a good credit bureau dispute letter must contain certain elements, and must be silent as to other elements. Your dispute letter will be ignored if not drafted properly. If you write the letter incorrectly, the bureaus will probably throw your dispute in the garbage and you have to start all over.
Even if you are a good writer, you probably are not going to enjoy standing in line at the post office. To ensure your dispute receives a proper investigation, you will need to mail the letter via United States Certified Mail.
Plus, mailing out a letter via certified receipt is an all consuming process. Wouldn't you prefer to spend that time planning a vacation or relaxing during your lunch break at work?
Disputing your credit without the help of an attorney takes a great deal of organization. Assuming you are trying to remove more than a single bad credit item, you will have to stay on top of the progress of your case. To make sure the bureaus or creditors did not ignore your dispute, you will need to create a spreadsheet to track the results of each dispute and negotiation.
As you can see credit repair is not a fun experience. There are so many better and more efficient uses of your time. Plus, it is difficult to learn and apply complex legal statutes and case law to your unique credit experience.
Discover the secrets to delete negative credit items, improving your credit score, and getting approved for the car of your dreams. Tips, advice, and real life experiences on avoiding <a href="http://www.creditforcouples.com">credit repair</a>scams, crooks, and con artists. Get your credit card score
RSS Feed