Is there a way to repair your credit by sending registered letters denying the debts to the credit report cos.
I have heard this often. That you can send registered letters denying the debts one by one to the three credit reporting bureaus and if they didn’t provide proof of the debts within 30 days or something that they had to remove the debts. Everything except judgements. Is this true? If so, how is it done exactly?
Anything that is reported to credit bureaus has to be reported correctly. You can dispute anything that is incorrect. The credit bureaus has to notify you creditors of the dispute. They have thirty days to respond. If they do not, the information has to be removed.
(You do not have to send it registered mail, regular mail will do).
What these unethical companies tell you, is only HALF of the legal story.
They will take your money for credit repair and tell you that by sending the letter, if the credit bureau does not respond in 30 days, they have to remove it from the calculation of your credit report.
However, here is what they DON’T tell you:
1. That the item is removed from calculation of your score, but still appears on your report as "in dispute".
2. That even AFTER 30 days, if the creditor can prove that the debt is valid, it can RETURN to your credit report at a later time.
There are many, legal reasons why a debt would be "in between creditors" , and that is usually for a collection.
In other words, those letters are a band-aid, but they are not a long-term fix.
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your correct
however if the debts are valid they will not be removed
References :
Anything that is reported to credit bureaus has to be reported correctly. You can dispute anything that is incorrect. The credit bureaus has to notify you creditors of the dispute. They have thirty days to respond. If they do not, the information has to be removed.
(You do not have to send it registered mail, regular mail will do).
References :
Anything inaccurate can and should be disputed.
References :
http://www.myfico.com
I have been to "many" different credit repair sites on the web. Some were pretty good and some were pretty bad. I refuse to use a website<!–that requires a fee to get their credit repair info when there is great free sites on the web.. I’m listing the best site that I’ve ever been to.
http://badcredits.awardspace.com/repaircredit.htm
It is a "free" do it yourself credit repair site. I have learned so much by reading and asking questions on that site. And, I have seen "significant" improvement on my credit reports after learning–>my rights and using them.Don’t pay for information that you can find for free.
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