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Legal
Credit Repair Methods
To better
understand what legal credit repair is, it would be helpful
to understand a few types of illegal credit repair:
Illegal:
Changing your social security number to obtain a clean bill
of credit.
If any company should suggest this type of credit repair, report
them to the authorities.
Illegal:
Disputing every item on your credit report, regardless of nature.
The Fair Credit Reporting Act specifically states that only
items that are unverifiable, inaccurate or misleading should
be disputed. Items that are clearly yours, and reflect your
credit history should not be disputed.
Illegal:
Charging for services that have not yet been completed.
This is to protect the consumer from fraudulent companies that
charge for services that never get completed (charging to "repair
your credit", then hitting the road...)
So, what
exactly is Legal Credit Repair?
Legal Credit
Repair consists of removing the negative items on a credit report.
There are a few different methods of going about this, the most
common and effective are:
"Goodwill"
Negotiation Negotiating directly with creditors and asking
them to "please" remove negative items from your credit reports
is a viable method of credit repair for mild late-pay accounts.
There are no laws that require that negative items stay on your
reports for any amount of time, and creditors have the ability
to simply remove these items if they see that it could somehow
work to their benefit, even if that simply means a pleased customer.
Credit
Disputation The Fair Credit Reporting Act gives you the
right to contact credit bureaus directly and dispute items on
your credit reports. Just as in a court of law, you have the
right to plead "not guilty" to negative information on your
credit reports, and leave the burden of proof to the credit
bureaus. You can dispute any and all items on your credit reports
that you feel classify as inaccurate, unverifiable, or misleading.
If the bureaus can not verify that the information on your reports
is indeed correct, then those items must be deleted.
Learn More.
Learn More. 
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