Credit reports repair

Legal Restoration Methods

Drawing of a hand shakeTo understand what legal credit repair is, you need to understand illegal credit repair.

Illegal: Altering your social security to improve your credit rating. Report to the authorities any credit repair company that encourages you to change your social security number or acquire a new security number under your name..

Illegal - Disputing every credit listing on your credit report
The Fair Credit Reporting Act specifically states that only information on the credit report that are unverifiable, inaccurate or misleading may be disputed. Any credit listings that are definitely yours should not be disputed.

Illegal - Charging for credit restoration that have not been completed.

What is Credit Report Repair?

Legal Credit Repair consists of removing the negative items from a person’s credit report. There are different strategies to improve a credit report:

"Goodwill" Negotiation

Simply asking creditors to remove negative items from your credit reports can result in deletion of negative information. Creditors have the ability to remove late payments and other damaging information. There are no laws that prevent creditors from removing negative information.

Credit Disputation

The Fair Credit Reporting Act the provides with the opportunity to contact the credit reporting agencies directly and contest negative items on your credit report. Just like in court, consumers can plead "not guilty" to negative information on their credit reports, and make the credit bureaus prove that you have negative credit information. The Fair Credit Reporting Act gives you the legal right to dispute any and all questionable items on your credit report that you believe are unverifiable, inaccurate, or misleading. Disputed information on a credit report must be deleted if the credit agencies are unable to confirm that the information on your report is accurate.