Cleaning up past mistakes on a credit report is not a pleasant experience. There are basically two ways of going about the credit repair process.
Many people decide first to fix their own credit only to discover the process is much more involved than they expected. This is because they are trying to save a few dollars by going the inexpensive route.
Unfortunately you may discover that repairing bad credit is one of those projects that only appears easy. There is so much to the process including legal research and writing, and negotiation skills which is challenging even for credit lawyers at times.
If you are not the somebody who enjoys legal research in your free time, or don’t have patience for translating complicated credit statutes and confusing case laws both state and federal judges, then this might not be for you. But if you are determined enough to plow through the stacks of law books, case law and other material you’ll need to reference, then you should expect to spend at least a a few Sunday afternoons researching applicable credit laws at your local library.
Assuming you have a little bit of legal knowledge or background as a paralegal or law clerk, then you have to move onto the more important part of credit repair. The next step is to write a coherent and compelling dispute letter. You will need to cite the applicable case law and disputed items.
For example, the credit bureaus are trained to be on the lookout for those people trying do it yourself credit repair. They can easily spot the dispute letters written by amateurs. This can be a problem since credit bureaus are infamous for ignoring badly written dispute letters.
You will need to send your disputes to the bureaus via regular mail . To ensure your dispute receives a proper investigation, you will need to mail the letter via United States Certified Mail.
By now you are probably wishing you had more free time. Waiting in line at the post office every time you dispute a negative item takes quite a bit of patience. Do you have any other activities you could be doing which are more productive?
You will need to be organized, efficient, and comfortable with spreadsheets. For example, you will need a spreadsheet to track the progress of each disputed item. Plus, you will need to give yourself reminders or some type of alert in the event the bureaus or creditors have allowed the proper investigation period to expire.
The bottom line is that do it yourself credit repair is not a fun experience. There are so many better and more efficient uses of your time. Plus, it is difficult to learn and apply complex legal statutes and case law to your unique credit experience.
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