2007-12-15 13:37:28 · 8 answers · asked by Mel 2 in Business & Finance ➔ Credit
Of course. There is no requirement to pay someone to challenge. All they do is write the same note to the agency that you could have. Call for a free credit report. Read it and see what is wrong and then in the space they provide write down your version of the story. They must respond and must put a note in your report that says that you disputed some facts there. That is as much as that paid fixer could accomplish.
2007-12-15 13:48:09 · answer #1 · answered by Rich Z 7 · 0⤊ 0⤋
Absolutely! That is why in the Credit Repair Organizations Act, it states that a credit repair company is REQUIRED to tell you that you can perform disputes on your own.
You can contact each of the credit reporting agencies and use their internal system of disputing information and you may even be successful. In my experience, you are more likely to fail, though.
The credit reporting agencies are governed by the Fair Credit Reporting Act (FCRA). This is a set of over 300 laws designed to protect your rights against abuses by the credit bureaus. The laws are somewhat complex. The good news, though, is that if any piece of information on your credit report violates any one of those laws it MUST be corrected or removed. Removal is the remedy most used.
So you have a couple of options, use the dispute process of each of the credit bureaus and see if you are successful.
Read the FCRA and try to apply those laws to your situation to have the information removed. Remember, if the information meets the conditions of ALL the laws, which is highly unlikely, it cannot be removed.
This is why I tell people, unless you are a lawyer or a paralegal, it is probably better to have a professional do it for you.
If you have any further questions about this or any other credit issue, you may feel free to contact me at nebula7693@yahoo.com
2007-12-16 20:57:11 · answer #2 · answered by nebula7693 4 · 0⤊ 0⤋
YES! you just write to the credit beauru and tell them why the negative item shouldnt be on there. Then they will do a very quick investigation and either remove it or keep it on there. If they keep it on there you have to write them again asking for proof of their claims that its a valid debt. Most likely they are too lazy to get you the proof or its been so long that they dont have it anymore and then they will take it off your report. I've done this many times to clean my credit.
2007-12-15 21:43:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes, of course. When you receive your credit report (which you can get for free--the only truly free site--at http:///www.annualcreditreport.com
there are instructions what to do if you dispute anything on it.
Basically, you just contact the credit reporting agencies and provide proof of the incorrect information. They have 30 days to correct it, and then have to give you another free report.
2007-12-15 21:41:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes, legally anyone can do it. If you just want someone to handle though and you use http://www.credit-report-repair.us to fix your credit score here is what you get for a one time fee of $500. Comes with 1 full year of service, money back guarantee, toll free 800 number with live agents available Mon-Fri 8-5 pm CST, they contact you every 45 days and you only have to fax back papers from bureaus and companies and they have even removed collections, bankruptcies, tax liens, and foreclosures. You also receive 24/7 online credit score results tracking. It's easy and really works!
2007-12-16 15:23:45 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Definitely
2007-12-15 21:39:37 · answer #6 · answered by smiling_freds_biz_info 6 · 0⤊ 0⤋
You can do all this online from the agencies website. I have helped many friends do this themselves
do not pay someone when you can do it yourself
2007-12-15 22:56:06 · answer #7 · answered by br_foot 2 · 0⤊ 0⤋
You can "challenge" any information that is factually wrong.
2007-12-15 23:08:43 · answer #8 · answered by npk 7 · 0⤊ 0⤋