Is Credit Repair Legal

This is probably the first question youll be asking yourself when you start researching online credit repair. Theres so much information to be found online about repairing your credit, leading you to wonder if its even possible ” or legal. Not only is it possible and legal, its a right protected by the Federal Government.

You’re Not Expecting Credit Bureaus and Creditors to Help You Are You?

Big lending corporations, credit bureaus, and creditors would like you to believe that credit repair is neither possible nor legal. Remember to consider the source of this information.

Collecting or reporting debts is the lifeline of creditors and credit bureaus. If this lifeline is removed, they are in trouble. If you decide to rebuild your credit, their very livelihood is at stake. For this reason, there is a vast amount of confusion as to the practice of credit repair.

Youll never hear a lending agency tell you that you have specific legal rights under the Fair Credit Reporting Act (FCRA). Thats because the FCRA protects your legal right to dispute any negative items on your credit report.

Under the FCRA, when creditors and credit bureaus receive a dispute, they have 30 days to investigate the claim. Once the investigation is complete, they must report the outcome to you. Any negative entry that is not verified, must be deleted in its entirety. By following this procedure, which is also your right, you can attempt to rebuild your credit score.

Why Live With Bad Credit When You Can Raise Your Credit Score?

Instead of remaining on your credit report for up to 7 years, a negative item could be removed quickly and give you a fresh start when it comes to rebuilding your credit. If youve made the decision to repair your credit, consider contacting the experts at Lexington Law who can tell you where to start and assist you through the process of credit repair.

We raised our credit scores from the upper 500 range to 745 and 763 in under six months and got approved for our dream home. Discover the one rule you must obey in credit repair by seeing proof at www.creditforcouples.com and get the real truth about lexington credit repair.