Are there any secrets in credit repair? The simplest answer is no. But there
are companies out there which are scams and make you think that it is a big
problem. Negative information which is indeed wrong present in the report can
be removed by credit repair.

1. Removal of Errors from Credit Report.

First step of credit repair is to find out if you have any piece of information in your credit history that you
think is faulty, then by FCRA
laws you can dispute it with the reporting agencies. If you dispute then the
credit bureau has 30 daysin which it investigates the errors mentioned in your
dispute. If there was an error in your credit
history then the bureau will remove it. On the converse, if there was
no error then credit repair doesn't do anything and the report is left as such.

If any additional information is provided about the dispute to CRA then the
bureau can take 15 additional days for investigation. You can simply submit
the disputes via email or postal mails. If the disputes are sent based on free
credit reports provided by the credit bureaus under FACTA, then such disputes
take 45 days to process.

2. Collection agencie calls

During credit repair you can send a cease letter to the creditors or collection agencies which stating
that only postal medium can be used for contact. It is your right to send this
letter to the collection agencies to stop calling you is provided to you by
FDCPA. Many collection agencies violateFDCPA and FCRA
on daily bases. Make sure you don't get harassed by the creditors. Communicate
through written forms as you will have a proof of every discussion.

3. Paying a delinquent account doen't improve the score.

The official score of a person is FICO
score which uses the following items.

1. Age of your credit history.
2. Number of healthy accounts without debts.
3. Repossesions
4. Accounts delinquent.
5. Bankruptcies.
6. Date and Time of negativeve account.
7. Utilization of credit.
8. Under six month old accounts.
9. Inquiries.

The mortgage lenders require the payment of this account but it does not improve the overall score.

4. Payment of bill from collection agencies

In credit repair you can challenge the legitimacy of any bill sent to you which is known as
validation of the bill. In validation, the creditor will submit you the proof
that the bill sent is yours. Until it is done, they cannot report to the credit
bureau, or ask for any money. You should know this law as it is for you
and can keep a check on the collection agency.




Its important to get the negative imformation removed from your reports. In
today's world credit worthiness is the most important thing for you.