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Legal Credit Repair Methods

To better understand what legal credit repair is, it would be helpful to understand a few types of illegal credit repair:

Illegal: Changing your social security number to obtain a clean bill of credit.
If any company should suggest this type of credit repair, report them to the authorities.

Illegal: Disputing every item on your credit report, regardless of nature.
The Fair Credit Reporting Act specifically states that only items that are unverifiable, inaccurate or misleading should be disputed. Items that are clearly yours, and reflect your credit history should not be disputed.

Illegal: Charging for services that have not yet been completed.
This is to protect the consumer from fraudulent companies that charge for services that never get completed (charging to "repair your credit", then hitting the road...)

So, what exactly is Legal Credit Repair?

Legal Credit Repair consists of removing the negative items on a credit report. There are a few different methods of going about this, the most common and effective are:

"Goodwill" Negotiation Negotiating directly with creditors and asking them to "please" remove negative items from your credit reports is a viable method of credit repair for mild late-pay accounts. There are no laws that require that negative items stay on your reports for any amount of time, and creditors have the ability to simply remove these items if they see that it could somehow work to their benefit, even if that simply means a pleased customer.

Credit Disputation The Fair Credit Reporting Act gives you the right to contact credit bureaus directly and dispute items on your credit reports. Just as in a court of law, you have the right to plead "not guilty" to negative information on your credit reports, and leave the burden of proof to the credit bureaus. You can dispute any and all items on your credit reports that you feel classify as inaccurate, unverifiable, or misleading. If the bureaus can not verify that the information on your reports is indeed correct, then those items must be deleted. Learn More.

Learn More.
The three main credit bureaus are: TransUnion, Experian and Equifax. Lenders judge your credit worthiness using the FICO scoring system. Your FICO score is calculate with information from these credit bureaus by using the amount you owe on non-mortgage-related accounts such as credit cards, your payment history, and your credit history. The FICO score ranges from 300 to 850. The higher your FICO score, the lower your interest rate will be. Since it’s possible the information from the credit bureaus is inaccurate, it is very important you check your credit report on a regular basis. Since a high FICO score can save you thousands of dollars on your home mortgage or car loan, it is very important that you repair your credit immediately if your FICO score is below 680.

What is your FICO Score?

Will you get the best rate on your next loan?

FICO Score

Rating

Best Interest Rate

780+

Perfect

Yes

720-780

Excellent

Yes

675-720

Average

No

620-690

Fair

No

Below 620

Low

No

 

 

 


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The Fair Credit Reporting Act gives you the right to have inaccurate, untimely, misleading, or unverified information deleted from your credit report!

While you have the legal right to work out your credit disputes with the credit agencies, you may want to consider utilizing a trained staff of lawyers, paralegals and legal assistants, all using state of the art technology. Raising your credit score can save you thousands of dollars over the course of your mortgage. You should start by obtaining your free credit report & scores today.

In the city, you can find a diverse selection of legal services and legal service professionals. Land-use attorneys and real estate lawyers can help you settle disputes over zoning and other property-related laws and regulations. Accident and injury attorneys can ensure that you get rightful compensation in the event of an accident-related injury. Tax attorneys and finance lawyers can help you with questions regarding your legal rights when it comes to bankruptcies, liens against personal property, debt consolidation, credit problems, and banking and securities law. Criminal attorneys can help in cases involving fraud, theft, and violence and ensure that your civil and legal rights are adhered to. Attorneys skilled in family law can help with prenuptial agreements, legal separations, visitation privileges, alimony, child custody, and child support issues. There are also attorneys that specialize in DUI, DWI, and other traffic law offences that might be able to help with violations you received while operating a motor vehicle. Proper legal representation is not only a wise choice; it’s also your right as a U.S. citizen. So whatever your legal need, you are likely to find whatever assistance you need right here in the city.

When in Dallas, live by its motto: "Live Large. Think Big." This diverse city offers world-class art exhibits, distinct restaurants, stylish shopping, lively entertainment districts, and of course, professional sports. For a taste of artistic culture, try the Nasher Sculpture Center, the most extensive African art collection in the U.S at the Dallas Museum of Art, the Crow Collection of Asian Art, the Meadows Museum at Southern Methodist University for Spanish art, or Fair Park for Art Deco architecture. Dallas can also be fun for the whole family. There’s Six Flags Over Texas for thrill rides, Six Flags Hurricane Harbor for water park fun, Speedzone Dallas for both real and simulation racing, and Ripley’s Believe it or Not, which can spark anyone’s imagination. And you’re sure to do a lot of double-takes at Louis Toussaud’s Palace of Wax, which among many celebrities also has over 41 presidential likenesses from Washington to George W. Bush. If you’re looking for animals, look no further than the Dallas World Aquarium and the Dallas Zoo, and plant enthusiasts will love the Dallas Arboretum and Botanical Gardens. Shoppers can then catch a ride on the McKinney Avenue Trolley past exclusive shops and restaurants. For nightlife, try the offbeat bars, many which host live music, often blues, on Deep Ellum, cutting edge cuisine on Greenville Avenue, the shopping and trendy nightclubs on Knox-Henderson, the upscale West Village, or the historic West End. Finally, it’s no secret that Dallas takes its sports seriously, as home to the Dallas Mavericks, the Dallas Stars, the Texas Rangers, the Texas Motor Speedway, the Cottonbowl, rodeos, and the five-time Super Bowl champions, the one-and-only Dallas Cowboys.

As one of the largest states in the Union, Texas, the Lone Star state, is big on tourism and huge on fun. Two thirds of the over 20 million folks who call Texas home live in its major metropolitan cities, like Houston, Dallas, and Austin. Aside from the typical things most big cities have to offer, like great food and exciting nightlife, folks in Houston can also sign up for space camp. In Dallas, nothing beats catching the Dallas Cowboys football team in action during a home game, or witnessing a true cowboy ride a live, bucking bull in a Dallas rodeo. And, in Austin, the city dubbed “Live Music Capital of the World”, there is always a good band playing and many other types of live entertainment, from theater to orchestras. If relaxing by the warm water of the Gulf of Mexico is more your speed, then head down to the state’s hundreds of miles of coastline. Aside from its many small, quaint beach towns, there’s also Corpus Christi, where you can enjoy a delicious seafood meal while watching the boats sail in and out of the harbor past the barrier islands located just off the mainland. Texas also has several water parks and amusement parks, including the famous Six Flags Over Texas. Whatever you decide to do in Texas, you’re bound to have a good time. And, before you leave, there are two things you definitely don’t want to forget, your luggage…and the Alamo.

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