Credit repair organizations often get a bad rep, even though some of them are actually legitimate. The industry is ripe with fraud but there are still benefits to working with a credit repair law firm that follows the strict guidelines set forth by the Credit Repair Organization Act. Those hoping to raise their credit score should research to make sure any company they work really does have legal experts involved.
When does it make sense to obtain the services of this kind of organization? If you are new to all of this then you might be wondering if there is anything you could be doing yourself to fix your credit reports. The most important thing you for you to do is to get your current finances straight and your debts sorted out. It’ll be hard to fix your credit report when you haven’t even yet fixed your current financial situation and are still behind on payments.
Don’t let bad decisions weigh you down any further. Do whatever you need to get back on top of your debts – even if you have to resort to getting debt negotiation services in addition to credit repair services.
Credit Repair Law Firm That Can Look for Credit Report Mistakes
Another thing you should always do is review your credit reports annually. You can request a copy of all 3 of them for free once a year (Experian, Equifax, and TransUnion). Look for mistakes. A common issue include someone else’s information showing up on your report. This could either be a simple error or a sign of ID theft. You’ll really want to get help from a credit repair law firm if you have any suspicion that you are a victim of fraud.
Another common issue is duplications, which could occur when your account is getting moved – perhaps from the original creditor towards a collection agency. The information might bounce around from different companies and result in duplicative details on your credit reports.
You can certainly try to have such information removed on your own as there are sample letters and templates online. However, it’s better to have a legal expert do it on your behalf – especially if the firm has been around for a long time and is used to helping individuals in situations similar to your own.
Is there any one company that is better than the other? How do you know which credit repair law firm you can entrust with your information? Lexington Law reviews are usually positive and the firm has helped many people over the years. An actual paralegal is assigned to each individual case to provide personalized services.