Credit repair software allows consumers to automatically improve their credit rating and fix errors and erroneous information on their credit report. This is a way for the consumer to repair their own credit report, while saving time and money. It has become a popular service as more people now understand that fixing your own credit can be a great way to increase your credit score and save money in the long run. There are many different types of credit repair software available.
Some are geared towards consumer law firms, others are provided by consumer reporting agencies such as Experian, Equifax, and TransUnion. Others are designed for general audiences. One of the largest credit repair organizations is the Association of Settlement Companies (ASC). Their website provides a list of accredited agencies along with contact information.
A majority of credit repair companies provide a free trial. This allows you to view and try out their services without obligation. It is recommended that when using a credit repair company that you try several different ones first Creditrepair Company. This ensures that you receive accurate results. Many of the free trial offers last up to seven days. After the trial period is up you may have to complete some additional research on the credit reports that were inaccurate.
Several credit repair companies also offer a free website where people can find out how they can improve their scores. The website provides a list of tips for improving credit scores as well as ways to dispute inaccuracies. They also provide a list of reputable companies that provide good credit reports. To receive a good credit report it is crucial to ensure that the reporting agency is a part of the Fair Credit Reporting Act (FCRA) and that it is updated regularly. The FCRA provides the consumer with protections against unfair lending practices.
The FCRA outlines the rights that consumers have to obtain copies of their credit reports from the three credit reporting agencies. It requires the bureaus to provide a copy of the report within sixty days of a request. The laws outline certain procedures that must be followed in order to obtain copies of the reports, such as filling out an application and providing personal information. If the credit repair organizations are unable to help, then the consumer should contact the bureaus directly. Another helpful tip is to check with each individual bureau to see if they have any customer service numbers available on their website.
Consumers should also avoid being contacted by telephone solicitors called “credit experts” or “credit correction specialists”. Most times these are scam artists posing as legitimate companies in an effort to make a quick buck. These companies offer to provide credit repair services and charge a consultation fee for these services. When consulting with one of these companies make sure to ask a number of questions including if they are part of the three nationwide credit bureaus or if they are licensed to operate in your state. This is a good way to determine if they are working on your behalf and not a scam.