How can you "repair bad credit"? or dispute items on your report??

Question

If you owe it- you owe it. How can these companies "legally" repair your credit?? I am confused?? i went to a website that says they send dispute letters...How can you dispute an account you owe?? How does this work?

Answer 1

There's a lot of errors in credit reports. Due to frauds, human mistakes (from the banks, credit card companies, borrowers,...).

And there's strategic moves you can do to improve your credit score.

That's why some people are using credit repair agencies.

Answer 2

You answered your own question. They can not do anything legally that you can not do for very little cost or no cost. Your only cost is really just Paper, Stamps, envelopes to send the disputes. They basically prey on peoples lack of knowledge of how to view and dispute their credit information. Also, a lot of the Credit Reporting Agencies automatically ignore any dispute that comes from a 3rd person or company.

You first need to pull your credit report. You are allowed 1 free per year from each of the big 3(TransUnion, Experian, Equifax). To do this go to http://www.annualcreditreport.com .
Once you have your reports and if anything is incorrect you need to send a dispute to the credit agency. They offer On-Line disputes, but I still prefer to do it through Certified Mail. This way you can send any proof at the same time. If it is a vaild dispute they will correct/remove the information.

Below is a site with sample dispute letters. The addresses for each of the 3 are the following.
Equifax
P.O. Box 740241
Atlanta, GA 30374-0241


Experian
P.O. Box 2104
Allen, TX 75013-2104


TransUnion
P.O. Box 1000
Chester, PA 19022

Answer 3

You can order a report from the credit companies and dispute anything yourself they have 30 days to refute your dispute. or it is removed. There is no guarantee. Better off disputing yourself and then just
pay bills on time
Get your credit cards down to 30% of the limit
Do not close any cards that are paid off
Do not apply for any credit
There is no quick fix

Answer 4

Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved onarrange loans or other finance, and usually means you will pay more interest on any loan you take out.

Answer 5

i does not pay every physique a flat cost for repairing credit. whilst they have their funds what's their incentive for staying on the activity till this is finished? I additionally does not pay a employer a month-to-month cost. what's their incentive to EVER end the activity. The trick is calling a credit restoration employer this is respected - and there are various obtainable. yet i does not pay every physique a flat cost or choose a credit restoration employer that sends out dispute letters on my behalf. The CRA's, via regulation, do no longer might desire to even OPEN letters from a 0.33 social gathering. you could e mail me and that i'm able to component you interior the remarkable direction in case you opt for. stable luck!

Answer 6

u would dispute it to all 3 company's if there is something wrong with your credit report.. and it could take up to 30 days to fix..

Answer 7

If you feel that there are unjustified charges on your account - that you know you did not make contact the store involved first. Then contact the credit card co. and the credit bureaus.
If you have documentation that the items are false make copies and send to the co.

Answer 8

its easy creditors have 30 days to respond and if they dont they have to remove the account (PERIOD) no ifs ands or buts.......its as easy as sending a stupid letter..lol.....but thats very time consuming...i went to a credit repir company.....and they were actually cheaper than me doin it maself...lol....newayz......if u want to there website is below....tell the that Tony Vargas reffered you....thanks...:)

Answer 9

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