Credit Repair Part 5

Consider A Company That Specializes In

Credit Repair



If you find that none of the above things are working for you in terms of

credit repair, consider going to a company that specializes in the

process. Many of these companies will offer to "clean up your credit

record" for a fee. While the services of a credit repair company can

sometimes be useful, depending on your situation, you must be very,

very careful to avoid scams and read all the fine print: in most cases,

there is nothing the credit repair company will do that you are unable to

do yourself - but if you don't have the time or resources to do it, it

might make sense for you to hire a company.

The basic strategy of most credit repair companies will be to

encourage you to challenge absolutely everything on your credit report

with your credit bureau. The idea is to inundate the bureau with more

requests then they can respond to in a 30 day period, because

remember: if the bureau can't provide documentation for something on

your file in 30 days, it must be removed. It is questionable, however,

how effective this really is: although the bureau must remove items

within 30 days if they fail to document them, in most cases the

companies will continue to investigate the claims, and when they

eventually do find the proper documentation the items will be added

again.

Whatever you decide in regards to a credit repair company, remember

to look over the offer carefully. Also be aware that credit repair

companies cannot legally accept payments until services are fully

rendered. They are also bound to clearly outline all payments and

terms.