CreditRepair com” is a program offered by the Federal Trade Commission. “Credit Repair USA” is an authorized provider of credit repair services. The mission of Credit Repair USA is to assist consumers with credit repair problems by providing education, counseling and representation. Credit Repair USA is not a consumer credit counseling service.

“Credit Repair USA consists of experienced dispute managers and attorneys who can work with you step-by-step on how to enhance your credit history by identifying the negative items in your credit reports and helping you to eliminate the negative items in accordance with the FCRA.” (fair credit reporting act) “Your credit report is vital because it identifies you as a responsible borrower. When those items are removed, your credit scores will improve.”

Credit Repair USA offers a three credit bureaus, Experian, TransUnion and Equifax, to check the accuracy of your credit reports. The companies use different methods to determine the validity of the errors. After they identify the errors, you will have to contact them and provide evidence to support the errors in your credit reports. You will need to provide letters from creditors who may have charged you irregularly or who has failed to pay you in full, statements from third parties that show the disputed item, and records proving the correctness of the items in the credit reports.

There is a fee involved for Credit Repair USA, but it is only a small amount compared to the time and effort spent fixing the errors in your credit reports. A credit repair service would also offer you a free initial assessment and initial evaluation of your credit reports to find out what, if any, errors there may be. You would then be given three credit reports, each one at least three years old, and be asked to view and evaluate them. If you find errors in these reports, you would need to write Credit Repair USA or one of its affiliates stating the error and the resulting corrections that should be made.

For inaccurate information, you have three options: disputing the item with the creditor; taking the dispute to the Credit Repair Service Bureau; or waiting for the creditor to respond to the letter you have sent them. In the case of disputing the item, you have to clearly state the information is incorrect and supply proof. This is the most difficult and time-consuming method for credit repair. The Credit Repair Service Bureau, on the other hand, has the power to remove negative items from your credit score. However, this is not really necessary as the bureau may have incorrectly reported the negative instead of the lender’s information.

For errors in the creditor’s information, you could take the dispute to the creditor itself, inform them of the error, and include a copy of the receipt showing that you were not made aware of the error. They have 30 days to investigate and, if found valid, make the corrections. You would then be responsible for contacting the credit bureau and waiting for them to update your report. However, if the errors are incorrect in both reports then you need to take the dispute to one of the credit repair organizations.

A common mistake made by people trying to fix their bad credit reports is attempting to fix errors made by the three major credit reporting agencies (Equifax, Experian, and TransUnion) directly. For example, people sometimes try to fix negative items on their reports by contacting Equifax directly or TransUnion. Unfortunately, while contacting them directly will almost always result in a positive response, attempting to fix the errors via them alone is almost never successful. An internal review may well reveal any attempts made to fix the problem, but these reviews are usually performed months after the event occurred and most likely are unprofessional and paid for by the credit repair companies. A better way to deal with bad credit reports is to contact the agencies involved (including each bureau separately) and ask them to send the relevant confirmation regarding any disputed item.

Once you have made contact with the agencies involved, make sure you fully understand their guidelines for contacting them and for taking action if they are unable to resolve your issues satisfactorily. This process should only take you a few hours but can have lasting effects on your credit score. By fixing errors and inaccuracies on your credit reports, you not only help yourself but also other lenders and creditors who may be considering you for credit. This will ultimately boost your credit score, making it easier to get an application approved when future applications are made.

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