Article A- Do it Yourself Credit Repair Process

Do it Yourself Credit Repair vs. Credit Repair Companies

If you are considering using one of the credit repair companies, I urge you to reconsider. I will give you the disadvantages of using a credit repair service and the advantages of do it yourself credit repair. Please don't be fooled into believing that you don't have time to do this yourself. While these companies promise quick credit repair, there is no rapid credit repair. The process takes a little time. Consider this; from the time the credit bureaus get your initial dispute, it takes approximately 30 days for them to respond. If the credit agency did not budge or claims that the information is correct, you're looking at another 30 difficult days with the creditor. Even if you win the dispute with the creditor, it may take an additional 60 days for a new item to disappear from your credit report. A number of these companies that promise fast credit repair have been extensively scrutinized by the FTC. (I strongly recommend you go on the FTC site and check their take on all the credit repair companies, as a matter of fact many states are cracking down on these companies.

I found in my research that most of these services are in violation of the law. The reason for this law

 is because there is no guarantee that they can clean up your credit. Most of these services will

charge a monthly fee. There is no guarantee that anything can clean up your credit. See where

I'm going with this? Do you have money  to throw away? At this point you have to see the most

effective way to repair your credit in terms of time, cost, ROI, and most importantly, in terms

 of control and results.

Sometimes, these companies can actually damage your credit. One point I want to stress is that everything these agencies can do for you, you can do much cheaper faster and with more control. There is a standard form that is used by these agencies and then sent to the credit companies via certified mail. For what they will charge to do this, you can certainly do it yourself credit repair. These agencies bank on the fact that most people do not know how to repair their own credit. . When you seek the help of an outside agency to help you clean up your credit, many times you will have waived your consumer rights under the Fair Credit Reporting Act (FCRA). This is another major disadvantage for you!

Would you like to own a home some day? Buy "car? Rent an apartment? Have you had difficulties obtaining these things or others due to bad "credit? Well, there is hope! You can repair your credit… yourself! “Bad credit? NO Problem!” offers are available everywhere, but unless you take steps to keep your credit rating on the right path, you run the risk of costing yourself even more money… the very thing you can least afford! For those with bad credit ratings: DO NOT FEEL ALONE! A lot of us have been in your shoes. Repairing your credit CAN be done and more importantly, you can do it YOURSELF CREDIT REPAIR!