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    Junior Member Brian-HTDI's Avatar
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    Lightbulb Credit Repair - The right choice?

    CREDITBOARDS.COM - Paying for Credit Repair- The Contrarian Opinion of a Leading Consumer Advocate



    Most consumer advocates suggest that consumers not utilize credit repair clinics. With a "buyer beware" attitude, I approached Howard Dvorkin, the author of the book Credit Hell- How To Dig Out Of Debt and founder of Consolidated Credit Counseling Services, Inc. I walked away from this interview with a very different perspective than I had prior to the interview.

    It should be noted that any entry on your credit report can be challenged. However, negative items in your credit file can legally stay there for seven or ten years (depending on the type of information) as long as they are correct. Unfortunately, no one can wave a wand and make them go away.


    I asked Howard his initial thoughts on credit repair clinics since in the past clinics have suggested they do have that wand and are wiling to use it...for a hefty price of course. His response interested me.
    "Consumers can do everything a repair clinic can do. However, the credit repair clinic can do it quicker. For example, you need a fair indication of the law to do a good job. It may take the average consumer 40 or more hours just to get the legal basics for the specific laws that apply. Its like having your car worked on by an auto mechanic. You may know how to do the job, but they can do it more efficiently because they have the tools and experience." He continued,

    "Historically credit repair clinics are known for outrageous fees, hard nose tactics and ridiculous prices. But not all agencies are the same. You simply have to be careful. Basically if it sounds too good to be true, it probably is. Always go with a recommended source."


    I look forward to helping you all either repair your credit, refer your clients and track the improvement of their credit picture, or even start your own credit repair division or company.


    Contact me directly for more information.





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    Senior Member RatiRut's Avatar
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    So, you've decided you want to try and repair your credit on your own and dispute letters will be your weapon of choice. I'm going to explain the proper way to send dispute letters to give you the best possible chance of getting negative items removed from your credit report.Once, you've compiled a list of all the negative information on your credit report you want to prioritize them in order of most damaging first. Start with your personal information names, social, addresses and employers.

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    Junior Member Brian-HTDI's Avatar
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    Quote Originally Posted by RatiRut View Post
    So, you've decided you want to try and repair your credit on your own and dispute letters will be your weapon of choice. I'm going to explain the proper way to send dispute letters to give you the best possible chance of getting negative items removed from your credit report.Once, you've compiled a list of all the negative information on your credit report you want to prioritize them in order of most damaging first. Start with your personal information names, social, addresses and employers.
    RatiRut,

    Dispute letters and direct litigation are the only weapons of choice that make sense. The online dispute system is worthless so custom correspondence addressing each inaccurate and unverifiable item is required.

    The order of priorty will not effect the outcome of the dipsute at all. Neither will stapling the envelope, using colored paper, or use hand wrtten letters and envelopes.

    Credit repair will all come down to whether or not the negative items are meeting the requirements that are outlined in the Fair Credit Reporting Act. If they aren't or they aren't verified within a reasonable amount of time then by law they must be deleted.

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