Credit Bureaus and Frivolous Claims

Recovering from bad credit takes time and consistent effort. Reviewing your credit report and disputing false information is a great place to start. However, resorting to unethical practices during this process can create more hindrance than help. Rather than disputing specific information, most unethical “credit repair mills” simply dispute all negative items, whether the bad credit items were reported fairly or not. The Fair Credit Reporting Act (FCRA) gives credit bureaus the right to ignore “frivolous and irrelevant” claims at their discretion. Once they have decided your claim has no merit, the only way to correct your bad credit is in a courtroom. Before adapting the tactics of credit mills, consider the following points. They can help you file the most effective (and honest) verification or dispute claims.

Dispute Frequency
Credit mills are known for their shady practices, including their manipulation of the system. Some credit mills attempt to circumvent the credit bureaus’ 30-day response limit by flooding them with several disputes simultaneously. Their hope is to overwhelm the bureau’s workforce and thereby forcing the deletion of negative items. If you are serious about repairing bad credit, the bureaus aren’t likely to respond favorably to this tactic. Moreover, credit bureaus aren’t the source of most instances of unfair or inaccurate credit reporting. For that reason, reputable credit repair organizations engage the creditors primarily first and then supplement their investigations with follow-ups to the bureaus.

Your Manners
Effective investigation and dispute letters begin with effective communication. If you want your issues to be taken seriously, draft letters that state your case regarding your unfairly reported bad credit in a polite and sincere manner. Be genuine in your need for help and outline your knowledge of consumer rights as well to ensure that your letters are given the attention they deserve. Avoid harsh tones, insults, and demanding language. Neither creditors nor bureaus are likely to respond well to bad behavior.

Making the Right Decisions
Unethical credit mills are in the business of quick and easy bad credit repair; credit advocacy lawyers are in the business of open and honest credit repair. If you are unsure about your next steps, consult with an expert who can help you assess your credit problems and identify the best solutions. Lexington Law has over 20 years of experience representing clients with solid facts rather than catch-all claims. Don’t wait to decide whether your issues are founded; ask a Lexington Law professional to shed some light on your bad credit situation.