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Fix your credit for free, but at what cost?

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By : Jesse Beal    99 or more times read

Taking action to repair your credit score can be a confusing task. If you are like most people, you may be unsure how to begin and who to contact. For those who take the “free and easy” route and choose to represent themselves during the credit repair process, many find that the costs of going solo are greater than the rewards. Read on to discover why you may want to hire a credit repair company.

What Should I Know?

Many people do not realize that just like obtaining a mortgage or signing a small business loan, credit repair is a legal process. There is one main reason consumers hire lawyers to represent them in financial situations: they understand consumer rights and how to assert them. Unless you are well-versed in the Fair Credit Reporting Act (FCRA) and other federal consumer laws, be prepared to spend many hours brushing up on your knowledge before attempting to repair your credit alone.

Who Should I Talk To?

When you are ready to fix your credit, you must contact one of the three credit bureaus—Experian, TransUnion or Equifax—to cite and dispute the negative items impacting your score. This is not contact you can make over email: it’s a good old-fashioned letter that must be time-stamped by the United States Postal Service. Further, it must be in correct dispute letter format in order to achieve the best results. If you cannot make it to the post office with a well-written draft dispute letter, these errands can set you back in your credit repair goals.

What Happens If…?

There are a lot of unknowns in the credit repair process:

  • What if the credit bureau doesn’t respond to my dispute letter?

  • What if they deny my claim?

  • What if they accept my claim, but the items don’t disappear from my credit score?

These are just a few examples of frequent occurrences in the credit repair process. The short answer is, expect to spend additional time appealing or repairing any mistakes or misunderstandings between you and the credit bureau.

How Long Will This Take?

The average person is probably unfamiliar with federal consumer laws, how to draft a legal dispute letter, and how to deal with large credit bureaus. If you are like the average person, expect to spend several hours each week working toward improving your credit score. If you have a full-time job, you may have to take time out during business hours for phone calls and trips to the post office in order to adequately represent yourself. There is no easy answer for the length of time it takes to repair credit, but it typically takes longer for those who choose to work alone.
Helpful Alternatives

If the process described above sounds overwhelming, there are affordable ways to find help with your credit score. The lawyers at Lexington Law have helped over 500,000 clients repair their credit with over 20 years of experience. They understand how to utilize your consumer rights to yield the best results. For you, the work is minimal. By allowing Lexington Law to represent you, you are spared the time and stress it takes to learn your rights and navigate through the process. Visit their website for more information about their credit repair services, they offer and how they can help you.

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Visit LEXINGTON LAW or Call 1-800-293-3672 for FREE Credit Repair Consultation Now!

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