Handled properly, credit repair is legal and ethical. You’ll first need to understand the state-of-the-industry when it comes to credit scoring and credit records.
Your credit score is determined by use of a very complex algorithm applying weighted values to many data factors. Very important is length of your credit history, the number and types of accounts you have on record, how much is owed compared to your total credit line, and how timely payments have been made.
76% of all credit reports contain errors. Your’s may be one of them.
Credit repositories deal with millions of credit files and are constantly updating the info in those files. Mistakes are bound to be made while trying to manage that much data. Some of the most common errors are these:
- Duplicate records
- Accounts that belong to others
- Paid or closed accounts that have not been removed
- Items that have been successfully disputed but never removed
- Accounts or charges resulting from identity theft
- Balances posted in error
- Records of credit entries taken without your knowledge or consent
The Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA) and Fair and Accurate Credit Transactions Act (FACTA) allow you to investigate and challenge questionable items on your credit report. It is legal and ethical to remove unfairly reported listings from your credit report.
You, the consumer, can legally repair your credit rating by disputing records on your own, provided you know the protocol. Over time, with the practice of responsible money management, you can further repair your credit rating. If you don’t have time, or don’t know where to start, contact the professionals at RMCN Credit Services for assistance. We know the laws inside-and-out and can get your inaccuracies, as well as certain other items, removed.
By law, the credit bureaus must provide adequate proof of their records or remove disputed items. We hold the credit bureaus legally responsible for what they list on your credit report. This is legal credit repair.
We realize that all things being equal, you’ll do business with those you know, like and trust. We have built our business one relationship at a time. Get to know us.