When you are trying to fix credit report and remove negative items either from past financial mistakes, lender mistakes, or just errors it can be a very frustrating road!

Why?

Unfortunately the credit bureaus (TransUnion, Equifax, and Experian) have discovered that it is not in their financial interest to investigate disputed items. This is because there is no financial incentive for the bureaus to conduct an investigation and instead it drains potential profits.

The bureaus sell your information to lenders. Every time your credit is checked the credit bureaus cash register rings and profits are earned! The bureaus do not sell you the consumer anything! They just keep track of information about you.

Thus, it makes no difference if that information is accurate or not! They can still sell it and make a bundle of money! Every year the bureaus collectively earn billions of dollars in profits! Let me repeat this – that is profits and NOT GOVERNMENT MONEY! This is profit just like Wal-Mart earns!

As you can probably see by now when the bureaus receive a dispute regarding an item they use stall tactics. The most common response is to get a letter back saying that you do not have all the pertinent information.

You will get this letter if you have all the right information or not! The one and only purpose to this letter is to frustrate you into giving up on the dispute process. After all it is only going to cost the bureau money to investigate your disputed item!

This is when people will often turn to a credit repair attorney. And in good measure, it is a lot of work to clean up credit reports. You must dispute each item with each credit bureau.

For example; if you have one item say a charged off credit card from Capital One that listing is going to be on all three credit bureaus and it is going to require you to dispute that listing with each credit bureau.

Additionally a credit attorney can help with advanced techniques and typically you will need to do some debt consolidation or negotiate some settlement agreements.

You can hire a Credit Repair Law Firm to work on your behalf, very affordably. Typically, you must put a retainer down. This should not exceed $100 and then have a service for anywhere from $39 – $99.

We recommend Lexington Law – they have been in business since 1991 and are a member of the BBB. They removed over a million negative marks in 2010.

Be cautious and do you homework before you hire anyone! We have heard horror stories of people paying large sums of money upfront and didn’t see any improvement in their credit!

For a free credit consultation call 1-800-230-1954