In today’s credit dominated society, it is imperative to keep one’s credit report and credit score in good standing. Having bad credit can keep you from getting loans necessary to buy a house, business or car as well as other credit related products and services which analyze credit scores. Many folks with a bad credit history ponder whether they can do it themselves or need to hire a credit repair specialist.
Do it yourself credit repair can most definitely be implemented by the individual credit holder. The Fair Credit Reporting Act protects this right by allowing a free copy of one’s credit report to be obtained from each of the three main credit bureaus every 12 months for review as well as allowing any information or item on one’s credit report to be disputed.
DIY Mistakes
Although the process of credit repair can be tackled by the individual account holder, there are many pitfalls and mistakes which novice credit repair DIYs face which actually prevent their being successful, or can even worsen their credit score. Numerous blunders can be made when contacting credit bureaus which result in getting your account flagged as “frivolous”. According to the Fair Credit Reporting Act, if this occurs, the credit bureaus no longer have to address your requests.
Also, frivolous tags are often quickly applied because so many individuals have dealt incorrectly with credit repair issues that the bureaus can easily spot offenders and will tag them as frivolous to avoid being barraged with incompetent and time wasting requests.
Following are a few of the most common mistakes made when attempting DIY credit repair:
Mistake #1: Incorrect Requests – If you incorrectly request information changes or negative items removed, your account can very easily be tagged with such indicators as “hawk-alert”, “trans-alert”, or “fraud”. If this occurs, your chances of getting any further cooperation from the bureaus will be slim.
Mistake # 2: Using Form Letters – Books and online websites often provide samples of dispute letters for the do-it-yourselfer to use when writing the bureaus. However, most of these form letters stand out to the bureaus who, when seeing them, will automatically suspect you of self credit repair and may flag your account. It’s much better as a do-it-yourselfer to send hand written letters.
Mistake #3: Validate Negative Info – Many do-it-yourselfers also make the mistake of actually validating information which they are trying to remove. Credit bureaus require that you include information with dispute letters. However, if you want to have a negative item removed, there are certain things which you do not want to validate. Leave the validation process up to the creditors.
Get Help from the Pros
When it comes to dealing with the delicate process of credit repair, it is a wise decision to seek out professional assistance from a credit repair specialist. Credit repair experts know how to deal with the tricky policies and procedures of credit bureaus and will get you the best results in the fastest amount of time.
Contact Repair-Credit-Today.com and let our team of legal experts help improve your credit.