When your credit score is out-of-control bad, it is time to take action. You need to raise that FICO number so you can enjoy all the fruits of an individual with a good credit rating: access to capital for starting a business, buying power for household goods, the ability to get a student loan.
The question is: How do you go about repairing your desolate credit score? Well, there are companies out there that can help. Credit repair companies, good ones at least, will always tell you that inaccurate items are the only marks that can be removed from your report, provide a written contract, your total cost and the amount of time it will take. Lexington Law is one of the good ones.
You can take on the job yourself, but the arcane web of laws and regulations favor those on the other side of the fence. It can take hours of studying to understand how to navigate the credit industry. Sometimes it is simpler to let the professionals take over. Within that arcane web, there is plenty of consumer protections. The best firms can help your understand your rights as a consumer and leverage those rights to obtain a clean credit report.
Credit repair firms will almost always pull reports from all three credit bureaus, since they all pull information from different sources. Then a counselor can help you identify potentially inaccurate items on your report and the company will work to remove them from your record. Sometimes companies can try to “jam” the bureaus by challenging many items at once, but that is a dubious tactic that may not be a permanent solution.
Lexington Law is an actual law firm the expertise in the field of consumer protection and credit law. The legal expertise is what can set the company apart from your typical credit repair firm. Its machinery can place the burden of proof back on the credit reporting agencies that need to fully substantiate dings to your credit report. http://aaacreditguide.com/lexington-law/ has a rundown of their abilities and stories of ordinary people that utilized their services.
Repairing your credit on your own is certainly a legitimate option. If you only have one or two items on your history that you want to challenge, you can write dispute letters yourself, contact credit bureaus and follow up on your efforts. But when the items multiply and you have a long history that you want to clean up or you are dealing with a major incident identity theft, it may make sense to use the services of a credit repair firm.
Regardless of which avenue you choose, the tools to recover from a terrible credit score are out there. Time to get cracking!