Can’t I repair my own credit for free?
Yes, it is your legal right to dispute possible inaccuracies in your credit reports. The credit bureaus are required to provide you a free copy of your credit reports every year, plus a new copy after they have investigate your disputes.
Your ability and effectiveness is limited only by your knowledge of the law, your experience in credit analysis and dispute tactics, and the amount of free time you have to invest.
Unfortunately, most consumers don’t have a lot of time, experience, or legal expertise. That’s why they turn to credit repair companies like Accelerate. We have invested decades into learning and perfecting the most effective dispute tactics.
For more about the risks of DIY credit repair and the benefits of having credit experts on your side, see “Is credit repair really legal?” in this FAQ.
Do I pay for your credit repair services before or after they are completed?
Do you advise to dispute all information in your credit report, regardless of accuracy?
Do you create new identities or credit reports for your clients?
How can I get copies of my credit reports from all three major credit bureaus?
Doesn’t the law require my bad-credit items to remain on my credit report for 7 years?
This “common knowledge” is erroneous for several reasons:
- The statute of limitations is different depending on the type of account or information, and on where you live.
- Statutes of limitations only apply to accurate, verifiable items! In many instances, there are errors that may cause an exception.
- In our experience, the credit bureaus often elect to delete erroneous items rather than spend lots of time (and money) hunting down the documentation it takes to correct and verify every detail that the law requires to be accurate.
- Having experienced credit experts on your side, crafting your disputes with proven tactics, can greatly increase your chances of properly disputing possible errors in such a way that the credit bureaus choose delete the account.
Who decides what’s in my credit report? Is it the government?
There are three major credit bureaus: Equifax, Experian, and the TransUnion. These agencies collect and consolidate your information from your creditors and lenders, landlords, utility providers, debt collectors, and the courts.
The credit bureaus are not government agencies. They are private, for-profit corporations with no governmental authority. In fact, they are regulated under the Fair Credit Reporting Act (FCRA) and must answer to the FTC and the Consumer Financial Protection Bureau.
We leverage our extensive, intimate knowledge of the FCRA and other Federal and state consumer protection laws to dispute possible inaccuracies in your credit reports and demand the verifiable accuracy you are entitled to by law.
Is credit repair really legal? Should I be worried about repercussions from disputing my credit reports?
NFederal law grants you the legal right to dispute any information on your credit report that you suspect might be inaccurate or unverifiable.
When you employ us, you give us the ability to advocate for you, in your name, and use our professional knowledge and tactics to enhance your disputes.
There are two main areas of concern you should consider:
- You should not knowingly dispute items that you are certain are 100% accurate and verifiable.
- You should not make vague disputes that don’t specify the information you’re disputing.
The risk of these mistakes is that you will fail to correctly enforce your rights and invoke the credit bureaus’ legal responsibility to fully investigate and provide verification of your accounts.
Worse, you may lose your chance to have inaccurate or unverifiable accounts removed from your credit reports, as the credit bureaus are not obligated to investigate indefinitely.
Having credit experts on your side, creating robust, specific disputes targeted to invoke the legal responsibilities of the credit bureaus is the best way you can be confident that you’re taking full advantage of your legal rights.
Why are credit report errors so common? How do the credit bureaus “get away with it?”
The credit bureaus collect and process an inconceivable amount of data every day. Their automated system, called eOSCAR, is highly advanced but far from perfect.
While Federal regulations require them to report your information accurately and provide verification upon request, that does not mean they have to check every item for accuracy on their own initiative.
So it falls on consumers like you to police your own credit reports for possible errors, to dispute them with the credit bureaus, and to demand both accuracy and verification.
While that may already seem unfair, the challenge is even greater. There is enough leeway in the law that the credit bureaus can refuse to correct potential errors if you don’t dispute them correctly and stick to your guns.
The FTC says that 1-in-5 consumers have errors in their credit reports, but we believe the real statistic is much, much higher. The 1-in-5 only reflects those consumers who were both aware of the errors and didn’t back off from disputing them.
We help people like you every day by uncovering all the potential errors in your credit reports, disputing them for you vigorously and tenaciously, and fully enforcing your legal right to verified accuracy. Contact us today to learn more.
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