Do It Yourself Credit Repair vs. Credit Repair Services
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. With do it yourself, you will be able to supply any additional evidence that an item is incorrect. Also 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.
It also requires a lot of organization; this is a result of bureaus not investigating upon receipt of the first dispute letter. Frequently the bureaus will respond with a letter requesting more information about the dispute, this is a stall tactic.
The bureaus have found this to be a more cost effective method, than to hold the investigations. This is because most get frustrated and give up here.
Also it is common for individuals to dispute credit the wrong way. This means they will;
1. Send dispute letters too frequently.
2. Supply a frivolous reason for the dispute.
3. Dispute too many items at once.
The benefit of hiring a service to do it on your behalf is; they have a comprehensive knowledge of the ever evolving credit laws. These laws can often be used to help you and more effectively remove negative credit.
This is how a service will work; you will send a copy of your credit report and show what marks you wish to dispute. The service will create a dispute 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 deletion letters to the service and the process continues. They will handle all the organization, and give you with a contact if you want to talk with someone about your case.
Also they will 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 which ever method is good and can help you repair your damaged credit report. Stop just living with the high cost of a low credit score.
There are benefits to each. With do it yourself, you will be able to supply any additional evidence that an item is incorrect. Also 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.
It also requires a lot of organization; this is a result of bureaus not investigating upon receipt of the first dispute letter. Frequently the bureaus will respond with a letter requesting more information about the dispute, this is a stall tactic.
The bureaus have found this to be a more cost effective method, than to hold the investigations. This is because most get frustrated and give up here.
Also it is common for individuals to dispute credit the wrong way. This means they will;
1. Send dispute letters too frequently.
2. Supply a frivolous reason for the dispute.
3. Dispute too many items at once.
The benefit of hiring a service to do it on your behalf is; they have a comprehensive knowledge of the ever evolving credit laws. These laws can often be used to help you and more effectively remove negative credit.
This is how a service will work; you will send a copy of your credit report and show what marks you wish to dispute. The service will create a dispute 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 deletion letters to the service and the process continues. They will handle all the organization, and give you with a contact if you want to talk with someone about your case.
Also they will 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 which ever method is good and can help you repair your damaged credit report. Stop just living with the high cost of a low credit score.
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 www.lexingtonlaw.com Lexington Law a suggested credit repair service.
posted by Credit Counseling at
4:04 PM
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