Do It Yourself Credit Repair vs. Credit Repair Service
When researching how to repair your credit, you will have two options. Do it yourself or hire a service to do it on your behalf.
Each approach has benefits. For do it yourself credit repair, you will be able to provide any additional evidence that an item is incorrect. You also will be creating the letters yourself and saving money.
The drawbacks of doing it yourself are; it is time consuming. This is because you will have to send a dispute letter to each bureau for each negative item. For example if you have one negative item on each of your reports, you will have to send a letter to each credit bureau.
It also requires a lot of organization; this is a result of bureaus not investigating upon receipt of the first dispute letter. Frequently the bureaus will respond with a letter requesting more information about the dispute, this is a stall tactic.
They have found this to be a more cost effective method, than to perform the investigations. This is because most individuals get frustrated and give up at this point.
Also it is common for individuals to dispute credit the wrong way. This means they will;
1. Mail dispute letters too frequently.
2. Supply a frivolous reason for the dispute.
3. Dispute too many items at one time.
One of the benefits of a service on your side is; they have a comprehensive knowledge of the evolving credit laws. These laws can often be used to help you and more effectively remove bad credit.
This is how services work; you will forward a copy of your credit report and mark what items you wish to dispute. The service will write a letter and send it off to the bureaus.
They will continue to send letters and overcome any stall tactics the bureaus typically use. You will then receive deletion letters from the bureaus.
You will forward these deletion letters to the service and the process continues. They will handle all the organization, and give you with a contact if you want to talk with someone about your case.
Additionally a service has more advanced dispute techniques than an individual. For example a service can use; escalated dispute information requests, debt validation, and creditor direct intervention.
In sum we suggest a service because they are professionals. However which ever method is good and can help you repair your damaged credit report. Stop just living with the high cost of a low credit score.
Each approach has benefits. For do it yourself credit repair, you will be able to provide any additional evidence that an item is incorrect. You also will be creating the letters yourself and saving money.
The drawbacks of doing it yourself are; it is time consuming. This is because you will have to send a dispute letter to each bureau for each negative item. For example if you have one negative item on each of your reports, you will have to send a letter to each credit bureau.
It also requires a lot of organization; this is a result of bureaus not investigating upon receipt of the first dispute letter. Frequently the bureaus will respond with a letter requesting more information about the dispute, this is a stall tactic.
They have found this to be a more cost effective method, than to perform the investigations. This is because most individuals get frustrated and give up at this point.
Also it is common for individuals to dispute credit the wrong way. This means they will;
1. Mail dispute letters too frequently.
2. Supply a frivolous reason for the dispute.
3. Dispute too many items at one time.
One of the benefits of a service on your side is; they have a comprehensive knowledge of the evolving credit laws. These laws can often be used to help you and more effectively remove bad credit.
This is how services work; you will forward a copy of your credit report and mark what items you wish to dispute. The service will write a letter and send it off to the bureaus.
They will continue to send letters and overcome any stall tactics the bureaus typically use. You will then receive deletion letters from the bureaus.
You will forward these deletion letters to the service and the process continues. They will handle all the organization, and give you with a contact if you want to talk with someone about your case.
Additionally a service has more advanced dispute techniques than an individual. For example a service can use; escalated dispute information requests, debt validation, and creditor direct intervention.
In sum we suggest a service because they are professionals. However which ever method is good and can help you repair your damaged credit report. Stop just living with the high cost of a low credit score.
About the Author:
For a free credit consultation call 1-866-246-7311. Or for more tips to delete bad credit and for a review of Lexington Law Firm a suggested credit repair service.
posted by Debt Consolidation Loan at
12:42 PM
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