On Hiring a Credit Repair Law Firm
So there are some items you’re questioning on your credit report, but you
think it’s a little more then you can handle on your own? Why not hire a credit
repair law firm too work on behalf of you with the credit bureaus? With
consumer credit at an all time high, more and more people declaring bankruptcy
more firms are beginning to practice the area of credit repair. So where can you
find a law firm to take on your credit case?
One of the nice things about credit repair law is that it’s very portable.
You don’t have to deal with the attorney’s down the block. You don’t even
have to deal with the firm in your town. There are several good credit repair
law firms you can find online. The reason for the portability of these types of
cases is that the only item the firm really needs is a hard copy of your credit
report(s), and a firm understanding of what it is you want to challenge.
Let’s take a look at the process:
A credit repair law firm can argue on your behalf items on your credit bureau
you feel are incorrect. The first step to determining what these incorrect items
are is to request a copy of your credit report from the three major credit
bureaus. This is free knowledge you are able to request each year. The credit
repair law firm is going to want a hard copy not a facsimile of your report; the
main reason is that fax machines, photocopiers, and scanners can smudge items
making them illegible.
When you’re sending off your credit report it’s ideal if you can include
copies of any paperwork or proof that shows the item(s) in question on your
report are indeed errors. Proof such as receipts for payment, statements showing
account balances etc. All of this will help your credit repair law firm put a
case together on your behalf. One thing to mention here is that a credit repair
law firm cannot make items that are not errors disappear. If you have an
outstanding debt and you just don’t want to pay for it, this isn’t a channel
you can take to wipe the slate clean.
With the information you provide what the credit repair law firm will do is
communicate the issue with the credit bureaus. The bureaus have 30 days by law
to review a claim, in which time they will either remove, update, or leave the
item on your credit report. After this is complete the bureau will communicate
with you the results of the claim investigation, this will generally take longer
then the 30-day investigation time frame.
So how much does a Credit repair law firm cost?
Generally there is only a cost to you when your credit repair law firm is
successful in removing items from your credit report. If they’re successful,
then of course you’re successful and they receive payment. On the other hand
if they cannot get the items removed you’ve requested, and they originally
felt it was possible then it won’t cost you a dime.
Along with retrieving your credit report on your own, there are other items
you can do without the help of a credit repair law firm. If you have proof that
an item on your report is an error you can contact the bureaus directly to
request it be review and removed. Of course not all of us have the time to
handle these types of situations, and others like the re-assurance they have a
professional in their corner. Just remember whether you deicide to use a credit
repair law firm or not, the best thing you can do to keep your credit healthy is
checking annually to ensure everything is in good standing.
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