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Credit Repair Service Vs Do It Yourself Credit Repair

February 28th, 2009

Credit Repair Service Vs Do It Yourself Credit Repair

When researching how to repair your credit, you will have two options. Do it yourself or hire a service to do it on your behalf.

Each approach has benefits. For do it yourself credit repair, you will be able to provide any additional evidence that an item is incorrect. You also will be creating the letters yourself and saving money.

The drawbacks of doing it yourself are; it is very time consuming. This is because you will have to send a letter to each bureau for each negative mark. For example if you have one negative mark on each of your credit reports, you will have to send a letter to each credit bureau.

Another drawback is it will take a lot of organization; this is a result of bureaus not investigating upon receipt of the first dispute letter. It is common practice for the bureaus to respond with a letter requesting more information about the dispute, this is a stall tactic.

The bureaus have found this to be a more cost effective method, than to conduct the investigations. This is because most people get frustrated and give up at this point.

In addition it is common for individuals to dispute credit the wrong way. This means they will;

1. Send dispute letters too often.

2. Give a frivolous reason for the dispute.

3. Dispute too many items at once.

One of the benefits of a service on your side is; they have a comprehensive knowledge of the evolving credit laws. These laws can often be used to help you and more effectively remove bad credit.

This is how services work; you will forward a copy of your credit report and mark what items you wish to dispute. The service will write a letter and send it off to the bureaus.

It will continue to send dispute letters and overcome any stall tactics the bureaus use. You will then get deletion letters in the mail from the bureaus.

You will forward these letters to the service and this process will continue. They will do all the organization, and provide you with a contact if you want to talk with someone about your case.

In addition they have more advanced dispute techniques than an individual. For example a service can use; escalated dispute information requests, debt validation, and creditor direct intervention.

In sum we suggest a service because they are professionals. However either method is good and can help you repair your damaged credit report. Stop just living with the high cost of low credit.

By: Jessica Lamber

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