How to prepare for Credit Repair

Credit Repair

Prepare, Know how, and get results

Credit repair is almost an essential tool for credit survival. In recent years, credit repair companies have experienced a surge in business that amounted to billions of dollars in annual revenue. A Consumer needs his or her credit repaired and a new credit repair company opens up in hopes capturing a fraction of this billion dollar industry. Keep in mind, that you do not need any professional license to start a credit repair company. All you need is a simple credit repair eBook or credit repair software and you can call yourself a qualified “Credit Repair Representative”. With that in mind, think about why you would hire someone to perform credit repair services on your behalf? It boils down to only two simple answers; Knowledge and Time. We will discuss how to overcome these two obstacles in more depth as we illustrate to you how easy and timeless this process can be.

By definition credit repair is the right of a consumer, under the fair credit reporting act, to dispute any credit negative or positive history items appearing in their credit reports. A credit bureau must investigate, and delete any errors at the request of the consumer. However if an item in dispute is found to be correct, though negative, then the information shall remain on their credit report. Negative items and judgments taken against the consumer shall remain on their credit report for 7 years while bankruptcies shall remain for 10 years. Sounds scary right? Well it is true. However, we are certain that as you have read the definition of credit repair you missed some major yet hidden loopholes that can only be translated as an “advantage to you”.

The first advantage we have found is “Your right to Credit Repair”. By that we mean your right to dispute any item appearing on your credit report whether it’s a known error or unknown. Your right to credit repair is your right to understand your credit and correct the items that you that you FEEL are inaccurate. Get the phrase “credit repair” out of your head and look at it from this angle: you are not performing credit repair; instead you are simply trying to better UNDERSTAND YOUR CREDIT. With that in mind, who is to tell you what you can or cannot understand? You have every right to NOT understand any if not all the items on your credit report. As a matter of fact, we want you to not understand every single negative item on your credit report. The more naïve you become about these items the sweeter the outcome. No one mentioned that you have to be a wiz at reading credit reports, credit scores, and specifically where a negative item came from or how it showed up on your credit report. Now, that is your right as a consumer.

Now that you understand your rights, we will move on to the second loophole in the under the fair credit reporting act and that is the credit bureaus duties towards you as the consumer. Theses laws are intended to protect the consumer against fraudulent activates and/or inaccurate information placed on their credit report. Since you are “naïve” about your accounts, especially the negative ones, you now have upper hand that will enable you to overpower the strong arms of any creditor. You, the consumer, have the right to repair your credit at any given time or any given point as frequently as you please. When you dispute an item, the law clearly states that the credit bureau has 30 days to respond to your dispute as well as the millions of other disputes that other folks like you are sending. Do you really believe that every dispute will be investigated and responded to in a reasonable amount of time? The answer to that is a big NO. You and many others just like you are sending disputes left and right and these credit bureaus and creditors are overwhelmed with credit repair inquiries (disputes). There is no way on that any credit bureau can keep up with everything sent to them. This is where you win. No response means deleted negative items.

Let’s suppose you know nothing about credit repair. How do you know what to do and what resources to use? You may also ask yourself, where do I get the credit repair letters? and how do I mail them out and when??? Follow the following example and you will find all the answers to your questions. Let’s suppose you have a 60 day late on your credit report from xyz credit card Company. You mail out a dispute letter to the credit bureaus and day 31 comes by and no response confirming the accuracy of that late payment. Guess what, you have just cleared that negative item by sending a request back to the credit bureau demanding its removal from your credit report. Yes, it is that easy and it is almost guaranteed to happen to you. This example was just the beginning of many ways you can accomplish fantastic credit repair results. Credit repair does not require massive knowledge or even any software. It can be performed with a simple how to guide which you can obtain at no cost to you at Restore My Own Credit . Using their credit repair instructions you have become more effective and efficient than 99% of the credit repair companies out there. That is true because repairing bad credit is more effective you do the credit repair yourself. No one can accomplish better results than you, and not to mention how much money you have saved this way.

Now that you know how to do your own credit repair, let’s talk about the time it takes. Credit repair is a commitment. To accomplish great results you will have to spend a little time cleaning your credit. You may be fooled into thinking that you don’t have the time, but if we told you that you will have to spend a maximum of 2 hours a month on credit repair would you hire someone at a credit repair company to do the work for you? No matter how many items you want to dispute on your credit report, you will never have to spend more than a couple of hours a month working on your credit. All you need is a PC, printer and a book of stamps. Just follow the credit repair instruction at Restore My Own Credit and you are on your way.

This article is brought to you by the Free Credit Repair Team at Restore My Own Credit Happy Credit Repairing!

Reach My Blog @ May 11, 2008