Did you fail to fix your credit score when you tried repairing bad credit on your own? It’s true that there are free credit repair resource sites out there but if you want to fix your poor credit, credit repair experts can do better.
Why didn’t my credit repair strategies work?
First and foremost, it is important to note that a credit report is composed of facts or errors about your credit situation. All your credit transactions are reported by your creditors to the credit reporting agency, which accepts such entries without checking the validity of such information. It is because the reporting agency operates on the presumption that the information supplied by the creditors are 100% accurate.
Upon receipt of the creditor’s report, the reporting agency includes it in your credit report. Human error is also possible. Clerks may inaccurately enter data on your credit file or in some cases enter other person’s credit information in your credit report. Other causes include computer matching issues and identity fraud.
Importance of professional credit repair
While there are free credit repair help, as well as the DIY credit repair tips available online, there are times that professional help can repair or fix your credit report more efficiently.
You may have educated yourself about credit repair and checked your credit report, but do you know exactly how to repair or fix your credit? Here are some instances when professional help will become valuable:
- Identity theft is damaging your report
- Your credit company reported a default that is inaccurate
- There are negative items in your report that are very difficult to remove
In the above situations, it is important to contact the credit reporting agency right away to dispute any false information listed on your credit file. The creditors are obliged by law to remove inaccurate entries without charging you a dollar. But, it is important that you dispute the error and provide corrected details and proof thereof.
If there are duplicate entries of loans and other debts, and the like-it is important to notify the reporting agency right away. If you have not time to do this, or you don’t know the ins and outs of the credit reporting system, you can hire professional credit repair agencies like Clean Credit to do the job. Remember that the credit reporting agency has the responsibility of conducting an investigation on your claim and to give you feedback within 30 days, upon your dispute.
Your letter of dispute must be included by the reporting agency in your file. If they are not able to resolve your issue, anyone who requests for a copy of your credit file will be able to read your arguments.
Another trick is to file a formal dispute with your credit provider. List all the erroneous entries and explain your side of the story, prepare all pieces of evidence that you have to prove your claim. If all else fails, at least the letter of dispute will be included in your credit report.