How does credit repair work?

At least 20 million Americans live with low credit scores. These credit scores can be debilitating, preventing you from getting the home or vehicle you need. If you are among the ones whose lifestyle is getting severely cramped by low credit scores, you need someone to fix it for you. Here’s how the credit repair process works.

First, you need to understand your rights. Several laws govern the way that your information is reported to credit bureaus. You have a right to see incorrect items fixed on your credit report. A credit repair company like Lexington Law will make sure that those rights are observed. Your credit repair company will start by getting your credit report from the three major credit bureaus—TransUnion, Experian, and Equifax. The company’s attorneys and paralegals will analyze each report, highlighting items that could be damaging. Many errors exist within credit reports that can seriously harm your credit score. The credit repair company will prepare the proper legal challenges that apply to the case and will challenge the items that are wrong and try to get them fixed for you. With Lexington Law, you also have the option of personalized “focus tracks.” If your life has been affected by medical debt, student loans, identity theft, divorce, or military service, you could benefit from these tracks, wherein you select the items you want to challenge, and Lexington Law will investigate and dispute.

Once the consumer has been advised of the findings, the credit repair company will submit the challenges to the creditor. The credit repair companies also allow the consumer to monitor their results either through a website or by an email/phone contact at the company. Finally, the credit repair company will follow-up with the consumer regarding the results of the case.

After logging your information into the system, the credit repair company submits the appropriate challenge, dispute, or intervention letters to creditors and credit bureaus. The credit repair company requests that the errors be corrected in the name of honoring consumer legal rights. During the process, the credit repair company’s paralegal will be there to give you helpful information on what steps can be taken to improve your credit score.  If the credit bureaus send you anything in response to the inquiries, be sure to forward it to your credit repair company. If the bureaus contact the credit repair company directly, the company will outline any deletions or improvements that have been made. The company will also follow up when necessary.

Credit repair companies exist to help make sure you have a fair chance at a good credit score. You shouldn’t have to pay for others’ mistakes, and that’s where Lexington Law comes in.