BecomingWhoYouWantToBe

As a well known finance and credit guru I am commonly asked if credit repair really works. Credit repair can be an extremely effective tool if performed the right way.

Be careful which credit repair company you choose because many collect money from consumers for credit services, but the credit services they perform are nothing more than mailing simple dispute credit letters.

Some companies perform only a few basic disputes, for example it might be disputed that the consumer was never late on an account. The hope and intent is that the creditor will not reply to the dispute and the item will be deleted off the credit report. These types of disputes depend on human error to be effective.

Over the last few years the credit bureaus have wised up to these credit repair methods. To counter, the credit bureaus now use sophisticated computer systems named E-Oscar and OCR.

The credit bureaus E-Oscar and OCR computers sniff out letters which appear to come from credit companies and then automatically respond to those disputes calling them frivolous. The credit bureaus E-Oscar computer then electronically processes the dispute nearly eliminating human error.

The credit bureau computers now render these older types of disputes minimally effective. Some items will get removed to simply be put back on the report a little later, and typically the only accounts that will be permanently removed are older accounts which have minimal effect on the credit score.

BUT, all hope is not lost

Credit repair can be extremely effective, but it also is very time consuming. Accounts need to be disputed in a legal manner and the most effective disputes are done direct to the creditor requiring even more knowledge to be able to handle on your own.

There are hundreds of consumer protection laws designed to protect consumers such as FACTA, The Fair Credit Billing Act, The Fair Debt Collection Practices Act, HIPPA, , and many more which can be used to get your negative credit items deleted.

Many creditors blatantly violate multiple state and Federal laws with the hopes that you do not challenge them.

Most people do not possess the legal knowledge to defend themselves. You would have to spend endless time learning all of the hundreds of consumer protection laws to know enough to challenge your creditors successfully on your own.

Using Federal and state law violations as leverage to force creditors to delete negative credit items is a VERY effective tactic to use to fix your credit. Credit companies who do this and participate in direct creditor disputing typically see deletion rates higher than 70%.

The drawback is in order to delete your negative accounts; you will spend endless hours learning how to dispute your own credit items. Or you can find a highly recommended professional credit repair company to do it for you. But make sure you find a very reputable credit company.

There are only a few truly 100% legal credit companies in the United States. One of the most popular companies who produce the strongest and fastest results is Elite Credit out of the Tampa Florida (www.perfectcreditfast.com.) I have personally seen their results, and even I am impressed. You will not find better, faster or stronger results at such an affordable price anywhere else.

Or you can visit credit forums and start learning how to try to fix your credit your own. Whatever you do, do not decide to do NOTHING. Credit problems are estimated to cost an individual consumer over $1,000,000 over a 30 year time period.

Strong dispute methods should remove over 70% of your negative items, and this could be the difference between you just struggling living paycheck to paycheck or living the life of your dreams.

Get started now with fixing your own credit, or hire a professional to do it for you. Whichever you chose, stop delaying and get started today on rebuilding your credit profile and your financial security.