You are protected from unfair practices by the Fair Credit Reporting Act and the Fair Debt Collection Practices Act. Those laws say, among other things, that your credit reports should not contain inaccurate entries; outdated information; or multiple entries for the same debt, which can happen when debts are sold to collection agencies.
Information — even if it is accurate — that can’t be verified also has to be removed. An example might be a debt to a retailer that is now out of business (unless it sold the debt to a collection agency that can show ownership). Credit Services of America says, “If they can’t prove it, they must remove it.”
Among the errors that can be addressed:
• Accounts that do not belong to you.
• Misspellings, which may mix in negative entries that belong to someone with a similar name — or may mean positive entries are not showing up when they should.
• Incorrect dates.
• Debts that should have aged off the report.
• Debts that cannot be validated or verified.
Legitimate companies check your reports for information that should not be there and dispute it on your behalf. Many of them also check to be sure the information does not reappear.
The process may take several months to over a year or more depending on the type of accounts you have. The good news is, once your credit is repaired you will begin to save money because of the lower interest rates you will qualify for with higher credit scores.
A Goal without a Plan is just a Wish. Give us a call TODAY at 844-FIX-URCR or click on the following link creditservicesofamerica.com to schedule your FREE consultation and create your personalize plan to achieve your credit and debt GOALS!
*Individual results may vary. Please call for more details and to discuss your own individual situation. We are not a law firm and can not provide legal advise.