Repairing credit can be compared to losing weight – there is no quick fix! Just as it takes time to shed fat, so do negative items on your credit report. Any attempt to repair your credit quickly is more likely to backfire than to produce a positive result. The best thing you can do to rebuild your credit is to be responsible for managing it for at least six months.
You must be responsible in managing your credit, but what if there are errors and inaccuracies on your credit report that make it negative? The worst thing about such inaccuracies is that you are at a serious disadvantage, usually through no fault of your own. Unfortunately, a study by US Public Interest Research revealed that 70 percent of all credit reports contain serious errors.
Fixing these errors involves a detailed legal process consisting of sending dispute letters to creditors and credit bureaus, sending reminders, studying documentary evidence provided by creditors and agencies, and more. Like most people, you may not have the time and expertise to carry out all of these processes efficiently. This is where credit repair services can help you. Now it is important to understand that it will not be possible to improve your credit score in a few weeks. As stated above, this is not possible even if the negative items on your credit report are due to an error.
Time taken for credit repair
Creditors and credit bureaus are required by law to submit original documentation to prove negative items that are present on your credit report. They cannot take more than 30 to 45 days to do so. However, writing and submitting dispute letters can also take some time. Some people think that it is possible for any consumer to correct their credit score without professional help, which is true but hardly feasible.
Anyone whose credit report contains errors can try to write their own dispute letters and send them to interested parties, but it takes a lot of time and a lot of mental effort. Unless you are willing to take this duty as seriously as any other professional commitment, don’t even try it! Hiring a reputable credit repair service provider, which would be a company that has over a decade of experience helping thousands of customers with unfairly negative credit reports, can help you correct your credit score without too much trouble.
Credit report repair services are particularly helpful when:
– Negative items on your credit report are due to accounting, reporting errors, or any other error made by creditors, credit bureaus, or collection agencies. Genuine errors can be removed from reports without issue when proper procedures are performed.
– Credit repair service providers are good at identifying errors that cannot be verified. By law, if any item in the report cannot be supported by documentary evidence, it must be removed. This loophole can be used by credit repair companies to improve your score.
– Some lenders are willing to negotiate with their consumers’ credit repair representatives. If allowed by your lender, this can help improve your credit score.
A credit repair company is an effective alternative for you if you have a lower credit score. They will take steps to remove any inaccurate information from your credit report, which will eventually improve your credit score.
