Credit Repair Services vs. Do It Yourself Credit Repair
When you are researching how to repair your credit report, you will have two choices. You can do it yourself or you can hire a service to do it on your behalf.
There are benefits to each approach. For do it yourself credit repair, you will be able to provide any additional evidence that an item is incorrect. Additionally you will be writing the letters yourself and saving money.
The drawbacks of doing it yourself are; it is very time consuming. This is because you will have to send a letter to each bureau for each negative mark. For example if you have one negative mark on each of your credit reports, you will have to send a letter to each credit bureau.
Another drawback is it will take a lot of organization; this is a result of bureaus not investigating upon receipt of the first dispute letter. It is common practice for the bureaus to 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.
Additionally 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 credit laws. These can frequently be used to help you and more effectively remove derogatory 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 letters to the service and this process will continue. They will do all the organization, and provide you with a contact if you want to talk with someone about your case.
In addition they have 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 either method is good and can help you repair your damaged credit report. Stop just living with the high cost of low credit.
There are benefits to each approach. For do it yourself credit repair, you will be able to provide any additional evidence that an item is incorrect. Additionally you will be writing the letters yourself and saving money.
The drawbacks of doing it yourself are; it is very time consuming. This is because you will have to send a letter to each bureau for each negative mark. For example if you have one negative mark on each of your credit reports, you will have to send a letter to each credit bureau.
Another drawback is it will take a lot of organization; this is a result of bureaus not investigating upon receipt of the first dispute letter. It is common practice for the bureaus to 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.
Additionally 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 credit laws. These can frequently be used to help you and more effectively remove derogatory 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 letters to the service and this process will continue. They will do all the organization, and provide you with a contact if you want to talk with someone about your case.
In addition they have 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 either method is good and can help you repair your damaged credit report. Stop just living with the high cost of low credit.
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 a suggested credit repair service.
posted by Debt Consolidation Loan at
6:11 AM
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