Is Self Credit Repair Worth It?
Thursday, November 13th, 2008As anyone who has researched credit repair to any degree has heard, you absolutely have the right to repair your credit on your own. In fact, Dr. Randy Padawer, who co-wrote the best selling “FICO® 850″ seminar for The Motley Fool and acts as a consultant for Lexington Law, became a credit expert by becoming an uber-do-it-yourselfer when it comes to credit repair.
You have probably also read that you can dispute the questionable negative items in your credit reports for free. The credit bureaus even provide a form on their websites to make this process easy for you.
Something that you likely will not hear as often is that repairing your own credit is rarely as easy as it initially seems. On its surface, credit repair seems to be a simple process. You obtain a copy of your credit reports, identify the inaccurate items they contain, dispute them with the credit bureaus, and wait for the bureaus to perform their investigation. Of course, if it really were that easy, there would be no reason for Lexington Law or any other credit repair organization to exist.