Simply put, Credit Restoration, also referred to as credit repair, involves the process of disputing the accuracy or verifiability of accounts that’s listed within your credit reports. This involves the actual preparation of written dispute letters mailed to the three major credit bureaus – Transunion; Equifax; and Experian. Disputes can also be sent to creditors/collection agencies to request a verification of debt. Disputes will generally include an explanation of why the error should be removed and any supporting documentation if applicable. Credit Restoration should not be confused with debt settlement or credit counseling companies. Those are separate and distinct services that can offer a form of consolidating debts to be paid monthly along with some education on budgeting; finance; etc.
In accordance with the Fair Credit Reporting Act, a consumer has the right to personally dispute incomplete or inaccurate information. Oftentimes, consumers do not have the time or knowledge to discern the laws and statutes as it relates to their credit concerns. As a result, they will employ a credit repair organization to assist with the disputing process in an effort to advance the process in their favor. Many consumers have experienced positive results evidenced by account deletions and an increase in their credit scores. Credit Restoration can work when partnered with an ethical and reputable professional. Become Credit Worthy and start experiencing Your “Best” life today!