The answer to the question about the effectiveness of credit repair services is going
to vary wildly depending on whom you ask. Credit repair companies get millions of
inaccurate items removed from consumer credit files every year.
to vary wildly depending on whom you ask. Credit repair companies get millions of
inaccurate items removed from consumer credit files every year.
You ask if they’re effective … the answer is undoubtedly yes. Our users have noted
over 302,000 deletions in the first half of the year.” Lexington Law, a credit repair law
firm, has statistics on their website that suggests they were able to get over 2.5 million
items removed in 2011 and almost 780,000 items removed in the first quarter of 2012.
over 302,000 deletions in the first half of the year.” Lexington Law, a credit repair law
firm, has statistics on their website that suggests they were able to get over 2.5 million
items removed in 2011 and almost 780,000 items removed in the first quarter of 2012.
So, if you consider “deletion” to be synonymous with “success,” and in credit repair that
is the bottom line, then the practice does appear to be effective.
is the bottom line, then the practice does appear to be effective.
Here’s a good example of when a reputable credit repair service can help you do
something you may not be able to accomplish yourself. If you have a collection account
that’s been sold to a few different debt collectors, it may appear on your credit report
multiple times. That information is accurate, but having that one debt dinging your credit
score multiple times does not meet the Fair Debt Collections Practices Act and the Fair
Credit Reporting Act resulting in 'deletions'.
something you may not be able to accomplish yourself. If you have a collection account
that’s been sold to a few different debt collectors, it may appear on your credit report
multiple times. That information is accurate, but having that one debt dinging your credit
score multiple times does not meet the Fair Debt Collections Practices Act and the Fair
Credit Reporting Act resulting in 'deletions'.
No comments:
Post a Comment