Credit Repair Miami: Do You Know Your Credit Repair Rights?

It’s very likely that at some point while living in Miami, Florida you have heard or seen advertisements for credit repair companies offering a free consultation to help repair bad credit. These credit repair services claim to eradicate all your credit-related problems. These offers range from removing bankruptcies, charge-offs, liens, judgments, negative items, and bad loans from your credit report forever! Some of these claims are achievable while others are, frankly, unrealistic. This is because there is no quick-fix rule to assure creditworthiness. If you wish to improve your credit report lawfully, give it some time, a conscious and professional effort, and stay close to a personal debt repayment plan.

Know Your Legal Rights:

No one can legitimately remove accurate and timely negative information from your credit report. You’re entitled to be told if information in your credit file is used against you to deny your application for credit, employment or insurance, according to the Fair Credit Reporting Act. The Fair Credit Reporting Act (FCRA) is a federal law that helps to ensure the accuracy, fairness and privacy of the information in consumer credit bureau files. Nationwide credit reporting agencies are required to provide a free copy of your credit report annually. It Is also free to file any mistakes you or a credit repair specialist find in your credit report. If you contact a miami credit repair, they will likely offer you a credit repair consultation where they can determine what is impacting your credit score and if they will be able to help set you on the path to better credit. The credit reporting company and the information provider are liable to correct the incomplete information.

What can you do to help yourself?

A large part of the credit repair process is disputing inaccurate claims on your credit report. It is best to get credit counseling from credit repair companies in your area. So if you live in, say, Brickell, contacting a Miami credit repair company would be in your best interest. They will assist you in the credit restoration process. A great credit repair company will help you by writing to the credit reporting company and stating what information contains an error. They will then attach copies of documents that support your claim and write the letter in a way that identifies each item in your credit report that you dispute. Your Miami credit repair company will request the negative items to be removed or corrected. If an investigation doesn’t end successfully, ask the company for a statement of the dispute included in your file and future reports. You also can ask the credit reporting agency to give your statement to everyone who got a copy of your report recently.

The other way is to write to the creditor and tell that you object over a stated item, attach copies of documents that support your position and if any provider reports the item to a consumer reporting company, it must include a notice of your dispute. If the information is found to be inaccurate/incomplete, the provider may not report it again.

Having a poor credit history doesn’t mean you can’t get credit. Some creditors may look only into recent years to evaluate your credit score. So, you can target to improve your bill paying history and you could be eligible. With a good plan of action, avoiding late payments, and limiting your credit card use to less than 20% of your credit limit, and having a Miami credit repair company help you to dispute inaccurate claims on your credit report, you will be on the path to good credit and financial freedom before you know it!

Bounnie is a professional content writter who loves to write about anything that is directly or remotely connected with technology and day today life style.