Credit Repair Services vs. Do It Yourself Credit Repair
When researching how to repair your credit, you will have two options. Do it yourself or hire a service to do it on your behalf.
Each approach has benefits. For do it yourself credit repair, you will be able to provide any additional evidence that an item is incorrect. You also will be creating the letters yourself and saving money.
The drawbacks of doing it yourself are; it is time consuming. This is because you will have to send a dispute letter to each bureau for each negative item. For example if you have one negative item on each of your reports, you will have to send a letter to each credit bureau.
It also will take a lot of organization; this is a result of bureaus not investigating upon receipt of the first letter. Common practice of the bureaus is to 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.
Additionally it is common for individuals to dispute credit the wrong way. This means they will;
1. Send dispute letters too often.
2. Supply a frivolous reason for the dispute.
3. Dispute too many items all at once.
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.
The service will continue to send letters and overcome any stall tactics the bureaus often use. You will then receive deletion letters in the mail from the bureaus.
You send these deletion letters to the service and the process will continue. They will do all the organization, and provide you with a contact if you want to talk someone about your specific 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.
Each approach has benefits. For do it yourself credit repair, you will be able to provide any additional evidence that an item is incorrect. You also will be creating the letters yourself and saving money.
The drawbacks of doing it yourself are; it is time consuming. This is because you will have to send a dispute letter to each bureau for each negative item. For example if you have one negative item on each of your reports, you will have to send a letter to each credit bureau.
It also will take a lot of organization; this is a result of bureaus not investigating upon receipt of the first letter. Common practice of the bureaus is to 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.
Additionally it is common for individuals to dispute credit the wrong way. This means they will;
1. Send dispute letters too often.
2. Supply a frivolous reason for the dispute.
3. Dispute too many items all at once.
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.
The service will continue to send letters and overcome any stall tactics the bureaus often use. You will then receive deletion letters in the mail from the bureaus.
You send these deletion letters to the service and the process will continue. They will do all the organization, and provide you with a contact if you want to talk someone about your specific 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 remove negative marks such as a NCO Financial visit us.
posted by Credit Counseling at
1:25 PM
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