Becoming Who You Want To Be

As a well known mortgage and credit expert I am regularly asked if credit repair really works. Credit repair can be extremely effective 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 minimal disputes only, for example it might be disputed that the item really does not belong to the consumer or that the consumer never really went late on the derogatory item. The hope is that the creditor will not respond to the dispute and the items will be removed off the credit report as a result. These types of credit disputes depend on creditor ignorance or human error to be effective.

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

The credit bureaus E-Oscar and OCR computer systems filter letters which appear to come from credit repair companies then delay tactics are implemented to slow down or stop the repair process. The credit bureaus computer then processes the dispute electronically nearly eliminating any kind of human error.

The credit bureaus E-Oscar computer now renders these older types of disputes minimally effective. Some negative items will get removed to only be put back on the report a little later. Typically the only accounts that will be permanently removed are old accounts which have no real effect on the credit score anyway.

BUT, all is not lost

REAL credit repair is actually extremely effective, but it also is time consuming. Accounts need to be disputed in a mythological manner and the most effective disputes are done direct to the creditor themselves.

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

Many creditors blatantly ignore and violate multiple Federal laws with the hopes that you will not have the knowledge or time to be able to 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 items is a VERY effective repair tactic. Credit companies who do this and participate in direct creditor disputing typically see deletion rates of 70% or higher.

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 repair companies in the United States. One of the largest and best companies who produce the fastest results is Elite Credit out of the Tampa Bay area in Florida (www.perfectcreditfast.com.) I have personally seen their credit results, and even I am impressed. You will not find better or stronger results at such an affordable price anywhere.

Or you can visit online credit forums and start learning how to go at it alone. Whatever you decide to do, DON?T decide to do NOTHING at all. Bad credit is estimated to cost an individual consumer over $1,000,000 in a 30 year time period.

Strong dispute methods could remove over 71% of your negative items, and this could be the difference between you just struggling living paycheck to paycheck or living your fantasy life.

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

Blake Kinsing has spent over 13 years in the finance sector and has spent much of his career helping his clients overcome credit issues and qualify for loans. He has been operating his own Credit Forum and credit repair review sites for the last 7 years. Select here for more information on ethical credit repair.