How Does Credit Repair Work?

Errors on your credit report are more common than your may think. If you have items on your credit report that aren’t 100% accurate, entirely fair and fully substantiated, you are a perfect candidate for Credit Repair. A Federal Trade Commission (FTC) study found that 1-in-5 consumrs have an error on a least one of their credit reports.

First, we’ll pull your credit reports from each of the three major credit bureaus in order to pinpoint your credit issues. Why all three? Because each credit reporting agency has its own “data furnishers” (lenders, credit card companies, debt collectors, etc.) that report your credit information to them. And there may be errors that appear on one of your credit reports but don’t appear on the others.

Once any errors have been identified, you then give us any supporting documentation you may have. For example, if there’s a bill on your credit report that your husband or wife was actually responsible for under your divorce decree, you can use that document to prove it shouldn’t be impacting your credit.

When the bureaus and data furnishers receive the dispute and supporting information, they then work with us to determine if the item should be removed from your credit report. The major law governing your rights when it comes to credit reporting is the Fair Credit Reporting Act, but it isn’t the only law on your side when it comes to credit repair.

We’ll scrub questionable credit report items against other laws—like the Fair Credit Billing Act, which regulates original creditors; the Fair Debt Collection Practices Act, which oversees collection agencies; and others that address medical illness, military service, student status and other life events. Getting negative and inaccurate information off your credit reports is one of the fastest ways to improve your score. Since credit bureaus must respond and resolve a dispute within 30 days—a few exceptions can extend this to 45 days—it’s a short timeline. The timeline is particularly important when consumers want to buy a house, get a new car, or open a new credit card and don’t have time to wait to build good credit organically.