Is It Legal to Repair Bad Credit

With so much information available online regarding credit repair, you might begin to wonder if credit repair is possible or, for that matter, legal. In short, yes, you have the right to repair your credit and the U.S. government has even enacted laws which give you this right.

Credit Bureaus and Creditors Want You to Have Bad Credit

In the credit world, creditors and credit bureaus would like you to think that credit reporting is infallible and unchangeable. In reality, it is in their interest only for you to believe this.

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.

If you decide to dispute any negative information on your credit report, the FCRA requires creditors and credit bureaus to investigate your claim and report back to you with their findings. They may take up to 30 days to investigate and, if the negative entry cannot be verified, it must be deleted. This is one way of legally rebuilding your credit and boosting your credit score.

Without Taking Steps to Fix Your Credit Reports, You May Live with Bad Credit for 7-10 Years

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.

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