Attempting to repair your credit by yourself?
Based on our professional experience, we have two recommendations.
First: We offer a free phone consultation to review your report and form a plan for increasing your score. Take advantage of this free service! We like to say when it comes to credit repair, common sense doesn’t always make credit sense. Avoid potential mistakes by speaking with us first. And remember to use our blog as a resource - there we discuss all topics credit repair related.
Second: Become familiar with the three major laws that are your key weapons against unfair creditors and collectors. Don’t worry, you don’t have to attend law school to understand the regulations. Here is a summary of the four most important consumer credit protection laws and how to use them.
Federal Credit Reporting Act (FCRA)
- You must be told if information in your file has been used against you.
- You have the right to know what is in your file.
- You have the right to ask for a credit score.
- You have the right to dispute incomplete or inaccurate information.
- Consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information.
- Consumer reporting agencies may not report outdated negative information.
- Access to your file is limited.
- You must give your consent for reports to be provided to employers.
- You may limit pre-screened offers of credit and insurance you get based on information in your credit report.
- You may seek damages from violators.
- Identity theft victims and active duty military personnel have additional rights.
Credit Repair Organizations Act (CROA)
This Act prohibits untrue or misleading representations and requires certain affirmative disclosures in the offering or sale of "credit repair" services. The Act bars companies offering credit repair services from demanding advance payment, requires that credit repair contracts be in writing, and gives consumers certain contract cancellation rights.
Fair Debt Collection Practices Act (FDCPA)
This Act was designed to eliminate abusive, deceptive, and unfair debt collection practices.
It also protects reputable debt collectors from unfair competition and encourages consistent state action to protect consumers from abuses in debt collection.