Exposed! The Real Truth About Credit Repair

There are many confusing misconceptions about credit repair. How can you know what’s fact and what’s fiction when you want to find out if credit repair is an option for you? If you’re not sure where to start, you’re certainly not alone.

Credit repair is not simply a way of evading responsibility for debt. There are many reasons people may need to repair their credit, including identity theft, mistaken identity and other inaccuracies, such as an item that remains in your credit file even after a court has ordered it to be removed. Big companies, lenders and creditors don’t want you to have this information, however. It’s not in their interest for you to have these inaccurate items removed, even if it’s your legal right. Myths about online credit repair abound, and as an informed consumer it’s important to keep this in mind.

Big companies are trying to guard their profits, and incorrect entries on your credit report can work in their favor. Creditors will try to collect on debts that are not legitimate, and your loss can be their gain. This is the main motive behind the hundreds of website you’ll find claiming that it’s not possible to fix your credit score – even when it’s your legal right to challenge negative entries.

Under the Fair Credit Reporting Act (FCRA), you are entitled to dispute questionable entries on your credit report, and both the consumer reporting company and the creditor are required by law to conduct an investigation and verify questionable items. If they cannot verify the information, it must be removed from your credit file. This is legal credit repair in a nutshell.

Credit repair is a legal tool you can use to improve your credit score. This means that if you successfully challenge a questionable negative item it will be removed. It doesn’t have to stay on your credit report for 7 years. Within 30 days of receiving your request to verify an item, creditors and credit bureaus must investigate the item and verify it. . .and they MUST remove it if it’s not verifiable.

The truth is that you can legally challenge any entry on your credit report, and inaccuracies can be removed whether they involve old debts that have been paid off, entries mistakenly put on the wrong credit report, or items that otherwise should not appear. Even simple mistakes can have serious consequences on your ability to obtain credit in the future.

If you think legal credit repair is an option for you, your first step should be to locate experts in credit repair who can advise and assist you in finding solutions to your credit problems. Look no farther than Lexington Law. Lexington Law specializes in legal online credit repair and their team of professionals can help you find the credit repair solution you’re looking for.