credit repair

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Credit repair is dedicated to assisting you break free of credit worries, get you the credit help you need and to get you back on track and reestablish good credit, it is almost as important as getting out of debt and a much more recent phenomenon and the industry has not adopted independent standards of conduct.

Credit Repair Issues :

Check credit reports for accuracy The first strategy to pursue in improving a FICO score is recommended by every credit repair organization and credit bureau. 1. Get your free annual reports by writing directly to the credit bureaus. 2. Find any inaccuracies in your reports. Credit reports are notoriously inaccurate. Check all information, not just information marked "negative. Even incorrect neutral information may weigh negatively on your report. For example, if your credit limit is stated incorrectly low, it will appear that you are using a higher percentage of your total capacity. This will lower your score. 3. Dispute these inaccuracies immediately. You may dispute with the creditors directly or with the bureaus. Creditors tend to have live operators while bureaus do not. Many sources recommend filing disputes with bureaus through certified "return receipt" mail. Disputes can also be filed on the credit bureau's websites, though the options are somewhat inflexible on these sites. This usually works for information that is genuinely incorrect.

In December 2004, the International Organization of Securities Commissions (IOSCO) published a Code of Conduct for CRAs that, among other things, is designed to address the types of conflicts of interest that CRAs face. All of the major CRAs have agreed to sign on to this Code of Conduct and it has been praised by regulators ranging from the European Commission to the U.S. Securities and Exchange Commission.