Legal credit repair info
It is hard to find good information on legal credit repair because there are a lot of credit repair scams out there. The bad schemes and scams claiming to repair your credit generally make outlanding claims, such as:
- Perfect credit in 30 days!
- Get a new credit file!
- Get a loan without a credit check!
One of the most intriguing credit repair scams I ran across was not even pitched as credit repair. It was a loan that did not require the recipient to make any payments or have any credit history at all. Sound too good to be true? Generally, if something sounds that way, it is.
What is legal credit repair?
Legal credit repair consists of following the laws, rules, and regulation to a “t” to challenge any blemishes on your credit history. Consumer protection laws are in place to protect those with credit files at the three major credit reporting bureaus, TransUnion, Equifax, and Experian. Those laws force the credit reporting agencies to follow a specific process of researching challenged items within a fixed time period. If that research cannot be done within the alotted time period, the item must be removed from the credit report.
Stay tuned to learn more about how to repair your credit legally.