Why It's Worth Disputing Credit Report Information
Struggling with a low credit score? If you are then you already know the dis-advantages
a low credit score has. No loans, no mortgages, even no job in some instances.
You have a choice, you can dispute information on your credit report. This
article will share with you what it's worth disputing credit report information,
and not just accepting your current credit score.
What can be disputed?
When it comes to disputing credit report information, anything can be
disputed. Of course some items are more successfully removed then others, but
you can dispute any credit report item. The credit bureaus have 30 days to
investigate your claim, and then either leave it or delete it.
The job of disputing credit report information can be done on your own. It
takes copies of your move recent credit reports from all three credit bureaus
(Equifax, TransUnion, Experian), analyzing them for which items to dispute, then
filing letters with each credit bureau requesting an investigation.
Of course not all disputes are successful, and each one can take upwards of
60 days, so it's important to choose carefully if you want to raise your credit
score quickly. This is why hiring a professional to handle your credit repair
disputes can be a smart idea.
How to dispute credit report information
As mentioned you can dispute your own information. If you choose to go this
avenue, be sure to send all items registered mail to the credit bureaus so you
have proof when items were sent. Also keep copies of everything, organization
and paper work is a big part of managing your claims, especially if you're asked
to supply additional information.
If you choose to allow a credit repair lawyer, or other specialist to manage
your credit report disputes this takes some of the weight off of your shoulders.
Of course you still must request your own credit reports, even lawyers
representing you cannot do this. Once you have current copies you then forward
copies of them to your credit repair lawyer and they'll help you choose which
items to dispute.
Using a professional in disputing credit reports reduces wasted time. You'll
be sure only to dispute items that have a high success rate in removal, and
those that make the biggest impact on your credit score. Like I said earlier, if
it takes 30 days for an investigation to occur, and the whole process can be
upwards of 60 days before you know the outcome, you don't want any wasted time
disputing incorrect items.
Who can you hire to Dispute Credit Report Information
My choice is Lexington Law for disputing credit report information. They are
a well establish law firm that has been helping clients improve their credit
scores since 1991. I don't know exactly how many clients they've helped, but on
their website they state they removed more then 600,000 entries in 2006 alone.
That's a lot of improved credit!
Lexington offers a toll free number on their website that you can call and
ask questions about how their services can help you. I suggest that any of my
visitors interested in hiring a professional to help improve their credit give
them a call and learn more.
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