Home Credit Card GuideCredit Report Credit Report Repair Services

Credit Report Repair Services

By: EconomyWatch Date: 25 August 2009

About The Author

The core Content Team our economy, industry, investing and personal finance reference articles.

With the help of credit report repair services, you can dispute false, misleading or inaccurate information on your credit report. Additionally, you can:

Re-establish a good credit score
Remove debt, collections, tax liens, charge offs and bad credit from your credit score
Receive credit tips to promote positive information on your credit report

However, credit report repair services can only help you remove inaccurate information from your report. Negative entries that are accurate and verifiable will continue to appear on your report for as long as the legal laws of your state demand.

What do Credit Report Repair Services do?

You need to sign up with credit report repair services to initiate the credit repairing process. Once the process is initiated, the credit report repair services and you have to go through the following steps:

Mail your credit reports from the three main credit report agencies (CRAs), Equifax, Experian and TransUnion, to the credit report repair services. In case you do not possess them, the credit report repair services can help you obtain these reports.
Credit report repair services process your information and store it in their database. This enables you to choose the items you would like to dispute via the Internet.
Credit report repair services then use their knowledge and expertise to dispute and challenge the items with the relevant CRAs. The time required in this process will depend on the number of items you wish to get cleared.
As per the FCRA, the credit bureaus need to file and investigate your dispute within 30 days. They then must inform you of the results and send you an updated credit report free of charge. This entire process generally takes 60 days from the day of submitting a dispute to the day you receive an updated report. This cycle will continue until the last item has been disputed.

How much do Credit Report Repair Services cost?

Many credit report repair services provide customers with unlimited credit consultation and help obtain credit reports from CRAs anytime through the process for a reasonable monthly service fee. These services assist customers in repairing their credit history as fast as possible. These credit report repair services have a wide range of programs to suit a wide variety of needs. Several repair agencies charge a monthly fee of less than $200.