Of all the credit repair techniques recommended, the most effective is removing negative credit history information from the reports maintained by the major credit bureaus; this according to one of the most reputable and effective credit repair law firms. There are those who say that all negative items cannot be removed, but according to one of the lawyers specializing in effective credit repair techniques, tens of thousands of items have been deleted from client’s credit reports. Including bankruptcies charged off accounts, late payments, etc.
According to some experts, a credit repair company cannot do anything for an individual that he could not do for himself. These experts probably never had bad credit. There are software programs and do-it-yourself credit repair techniques. For individuals that only have a couple of negative items on their history, these may be effective. Individuals that have bigger problems may want to contact a credit repair lawyer. Not all credit repair companies are credit repair law firms. There are individuals and companies that are self-proclaimed experts in effective credit repair techniques. Some recommend action which is ineffective. Some recommend credit repair techniques that are illegal.
Consumers have the right to dispute any information on their credit reports that they believe is inaccurate, obsolete or unverifiable. If the credit bureaus cannot verify the information, it must be removed. Inaccurate information must be corrected and the credit bureaus must provide consumers with a free copy of their credit reports showing that the information was removed or corrected. Effective credit repair lawyers can do most of the work, but the consumers are still involved. The credit bureaus will only deal with the consumer. The credit repair techniques used by credit repair lawyers include disputing information on the credit reports. They have effective credit repair letters and software programs that allow consumers to select the items they wish to dispute. It is basically a matter of filling in the blanks.
Other credit repair techniques used by credit repair lawyers include negotiating with creditors. If information has been reported that is accurate, but out-dated or misleading, consumers can negotiate with creditors and ask that the information be removed. Called good-will negotiation, this effective credit repair technique is not often used. Once again, the credit repair lawyers do most of the work for the consumer.