See How Truthful Credit Listings Influence Credit Repair

If you have damaging credit showing on your account you may have considered credit repair as an option. It has been estimated that as many as 75% of all credit reports contain errors or inaccuracies. The FCRA or the Fair Credit Reporting Act is a federal law that was enacted by the U.S. Congress in’70 to promote the fairness, accuracy and privacy of personal information on credit reports. This act has given consumers the right to dispute erroneous and unfair information.

The FCRA gave you the right to dispute the errors on your credit. After receiving the dispute the credit bureaus and lenders have a clear total of time to bear out the validity of the information or it must be removed from your account. Credit repair can be accomplished on your own or you can employ the services of a professional credit repair company.

Be aware however, that the Federal Trade Commission states clearly on their website that “No one can legally remove accurate and timely information from a credit report. The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete”.

This statement seems to be very candid and it is one cause why credit repair critics try to deter you from trying to repair your credit by convincing you that credit repair is futile. However, the fact is that you can make considerable changes to your credit score and your credit report by taking steps to repair your credit.

The FTC quote may seem to be comprehensible but there is actually quite a bit of haziness. In fact, up to 75% of all reports contain mistakes and flawed information. Credit repair companies actually offer a effective service. You can always take the steps to repair your credit yourself also, but it can be protracted and annoying and you may not want to attempt such a project if you are like many persons these days and short on time.

And then again, while you are not supposed to be able to get rid of precise and timely information from a credit report, who determines exactly what is “accurate and timely”. Mistakes and miscommunications occur often between lenders and consumers. In many instances, something that is considered to be “correct” may not be absolutely so.

Many credit reports have issues that are entirely inaccurate. Listings that belong to someone else, matching entries, listings that have been on your report for longer than 7 years, and anything that is the product of identity theft need to be removed from your account. These issues commonly show up on credit reports.

You also have the right to dispute any item that you feel may be deceptive, ambiguous, unverifiable, biased or questionable. There may even be some things that the lender may have felt were accurate but you were never able to stand up for yourself with your own side of the account. Lenders are not constantly fair and equitable any more than consumers are always right. There are always at least two sides to every story and that is one grounds why it is such a great benefit to be able to dispute the inaccurate, untimely, misleading, incomplete, ambiguous and questionable items on your credit report, either on your own or with professional aid.

Repairing your credit may well become needed at some point. If you need further information about professional credit repair visit http://724Credit.com and don’t forget to sign up for a free credit repair course.