.jpg)
When attempting to remove negative items from your credit report, it is illegal to try to remove legitimate debts or information. It’s important to pursue clean credit repair in order to prevent future legal action against you.
There are a few things to remember that ensure your repair process is legal and not removing legitimate information. If you have fallen behind on your mortgage or auto loan, it is illegal to try to remove these items from your credit.
Credit repair is not for removing your debts to falsely look as if you owe nothing to anyone. It is only for ensuring the correct information is reflected on your credit report when looking for additional credit extensions.
Clean credit repair simply allows consumers to dispute invalid accounts which they have not personally opened. It also allows for a process to remove incorrect payment information, such as a closed and paid account which still reflects a balance on your report..
It is illegal to obtain and use a new Employer Identification Number (EIN) or Social Security number to begin opening new accounts under. This means that the only answer to a bad credit score is to improve it.
Using a credit repair service will inform you of actions you can perform on your own, and is legally obliged to do so. Simply ask them what letters or forms you may file on your own when consulting with them.
Finding a clean credit repair company will require you to review business history and licenses, as well as reviews from former customers. You will want to find a company which has been in business for more than five years. This tells you that they have kept at least as many customers happy as are necessary to keep them up and running!
Learn about necessary licenses and accreditations required of a credit repair service in your area. Different states and localities will vary in this area.
When negative credit information on your report is correct, you can simply start to raise your own score by paying the creditor on time. Contact the company and arrange comfortable plans to bridge the gap between what is owed and what you can pay.
On-time payments over several months reflect positively on your credit report. Clean credit repair will also require you to make more than the minimum monthly payment in order to reduce your total outstanding debt.