My Professional Credit Repair Experience Says…

There is so much information on the web on the internet about credit repair. nearly all of it is guiding people toward pricey credit repair companies and attorneys who will charge the consumer large fees for repairing credit. Of course this is not shocking. The internet is the most far-reaching market place ever invented. But it is also the most troublesome to search and it is even more difficult to know who to trust on the internet. The only person you know you can put confidence in is yourself! So, when it comes to improving your credit, you should look to yourself first before you shell out hundreds, if not thousands, to a credit repair company or a credit repair lawyer.

If you look up “self credit repair” on Google, you will find the first link (below the comercial ones who spent thousands to get in the highlighted spots) is a link to the FTC. You should read that information. It is hugely important and should convince you that fixing your credit on your own is the absolute best starting point. I know from experience with customers who have done credit repair on their own that it will also probably be the only avenue you’ll have to take. Your success doing it on your own will probably improve your score quite a lot. The FTC website gives an example of a good dispute letter. You could easily use it. You would just have to cut and paste it into WORD and fill in all the necessary data to generate your letters.

Entering all the data from the things you wish to dispute is the lengthy part of the process. You will need to invest several hours depending onthe number of items you need to dispute. This is where most people become discouraged and turn to a credit repair company. How do you know if you are doing it correctly? How do you know where to send the letters? How do you know what to include with the letters? Why are you sending other things with the letters? What are you supposed to dispute? What are you not supposed to dispute? It gets confusing.

Usually, if you are looking into repairing your credit it is because you were turned down for a car loan, a mortgage, or a credit card. My recommendation is that you should visit with the person who denied you. Ask them what you ought to do? Talk to them about your credit report. Visit with them and go over everything on your report. Ask them if they could assist you with repairing your credit? Generally your loan officer is knowledgeable about these kinds of things. They deal with credit reports all the time. They know why people have the credit profile they have. You can go over every item with your loan officer and determine what is okay and what is in error. Then you can utilize the letter provided by the FTC and dispute those accounts .

This is not brain surgery, but sadly, credit repair clinics would have you think that it is because they want you to become frustrated and pay them to do it for you. Of course, they can create the credit repair letters much more efficiently than you because they have employees who are trained to do just that.

Since this is a subject that interests me, I spend time searching different credit repair websites and videos. I am not against people earning a paycheck, but I am against people charging huge fees for really basic services. They offer free analysis, but your loan officer would probably do the same thing for you for nothing too. I also understand the consumer’s situation. There is plenty that is not understood about the process and it is not easy to get a handle on. It’s bike shop for a tune up on our bike. The truth is that most people could to it on their own if they had the tools and the time to read the manual. But even having the manual there is the worry that you might do something wrong. So it would seem that some manner of help is going to be best in the arena of credit repair. That is why I again suggest you speak with your loan officer.

Besides credit repair companies, I have seen “credit repair software” available for $249. I saw some demo videos and take it from me, you would be better going with a credit repair company. The time it will take you to figure out the software is stupid and you then have to undertake all the data entry for every item you need to dispute.

My professional opinion is that you should write the credit repair letters on your own because companies and software are far too pricey. You can locate good info on the internet for free or it is entirely possible that your loan officer could guide you through the process so that you don’t mess anything up.

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My Professional Credit Repair Experience Says…

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