Cheap Credit Repair

Cheap credit repair advertisements are every where, claiming to guarantee a quick fix on your credit report for a small fee of coarse. They make promises for a fee to clean up your credit history so that you can qualify for a new home, car, insurance, a job, or premium credit cards. Before you sign up with one of these companies, you need to know some real facts.

Here are the real facts about how to fix your credit score.The real truth of the matter is this. No one can legally remove information on a credit report. The Fair Credit Reporting Act (FCRA) allows you, the consumer, to request a probe of the information in your credit file that you can dispute as inaccurate or incomplete. However there is no charge to you. There are also other steps that you can do yourself, without paying a cheap credit repair company, such as:

• You are permitted a free credit report if a company denies you credit, insurance, or employment (if credit is a part of the employment). You must request a report within 60 days of this denial. The notice will give you the name of the consumer reporting agency that provided this credit report. You can challenge the information that this denial is based upon. Under FCRA, both the consumer reporting agency and the information provider are responsible for correcting inaccurate or any incomplete information in that report.


• You can also put in writing what information you believe to be inaccurate. Include copies of any certification that supports your claim. Be sure to send this letter to the credit reporting agency, and send it certified mail. This way, you can prove it was mailed and signed for at their end.


• You will get a response within 30 to 45 days. During their probe, they must forward all your documents to the merchant or vendor that provided the awful credit information and report back to the credit bureau. If they find that this information is incorrect, they must notify all three reporting agencies of their findings. This includes Equifax, Experian and TransUnion.


• When the probe is concluded by the credit bureau, you must receive a copy of the results in writing and a copy of the dispute if it is changed. If the disputed item is changed, the credit reporting agency cannot put the disputed information back into your credit file unless it is verified as accurate by the merchant or vendor.


• The credit reporting agency must also send notices of a correction to anyone who received your credit report in the past six months. You can also have a corrected copy sent to employers that did not hire you based on your bad credit report.

Even though cheap credit repair advertisements are every where, claiming to guarantee a quick fix on your credit report for a small fee, you really do not need their services. Because what they can do for you for a small fee, you can do for yourself for FREE. Now that is cheap credit repair.