Credit Repair Specialists

A credit repair specialist offers a helpful service if a debtor wants bad information removed from his report, especially if he believes that information does not reflect the true state of his financial record. This person will obtain a copy of the financial report from each of the three credit reporting agencies (CRA's), then work to remove any negative, inaccurate, unverifiable and incomplete information from the reports. The credit repair specialists will contact the creditors with copies of any documentation to back up a dispute. Correspondence to creditors is sent via Certified Mail, return receipt requested, so there is proof they received it. Documentation proving their case is also requested from creditors. When a debtor has been falling behind in payments because of job loss, illness or accident, or some other unforeseen catastrophe, sometimes the credit repair specialists can negotiate with the creditors for a break in the amount owed and a longer payback time. This person can usually take care of the problems on a credit report within six months, and fees will run in the neighborhood of $650.00.

Along with legitimate professionals, there are charlatans eager to relieve anyone of cash while not actually providing the services they advertise. Beware of someone who wants payment before providing any services, and ask questions of anyone a person is considering hiring. Asking the right questions will give a pretty good idea of whether credit repair specialists are going to really be working in the client's best interest. One needs to be able to trust someone doing this kind of service for them. There is One in whom trust is never betrayed, and Christians hold fast to that. "The LORD is my rock, and my fortress, and my deliverer; my God, my strength, in whom I will trust; my buckler, and the horn of my salvation, and my high tower." (Psalm 18:2)

Anyone can receive a free financial report annually from the three reporting agencies (Equifax, Experian, and TransUnion) and set about doing the same things anyone would pay credit repair specialists to do. If someone is disputing charges against them, gather all the documentation and send copies (not originals) to the creditors, explaining the particular situation. If they cannot produce refuting documentation, they must remove the negative report from the record. Bankruptcies remain on a report for ten years, and a credit repair specialist cannot change that. If that time has passed and the bankruptcy is still there, request its removal. The same holds true for other negative items like judgments, liens, or criminal convictions. The statute of limitations prevails, and is usually seven years. Having a bad report doesn't keep a person from receiving any type of financing. The very best credit repair specialist, of course, practices prevention, with careful attention to financial obligations.

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