Plano Texas Credit Counseling Repair Service

Is Credit Repair legal?
Yes, Credit bureaus are required to follow accuracy procedures before they can legally place any items on a credit report. In many cases they do not do this. We force the credit bureaus to back up all of their claims of accuracy. Once an error is identified, the item must be removed. Under the Fair Credit Reporting Act, you are protected by your right to have this information verified.

Does paying off old bills repair my credit?
No. You would think so. However, the credit reporting system does not work that way. When a client pays an old debt, the negative credit listing does not disappear. In fact, the date of last activity for that account is updated to reflect the client's last payment which could further drop their credit rating. Now, instead of that account reporting as a collection or charge-off, a paid collection or paid charge-off will be reported, thus, updating the date of last activity which could possibly drop one's credit rating. Each individual's credit report is a history of his or her credit life and it will continue to show past negative incidents, unless they work to restore their credit at the same time.

How do we do this?
We start by examining our client’s personal credit file held by each of the major credit reporting bureaus.
(TransUnion, Equifax and Experian)
Then, we identify any accounts that contain information that could be considered adverse. Next, upon the client’s request, we dispute all of the accounts that contain inaccurate, erroneous, or obsolete information on the client’s behalf and have the accounts deleted or updated accordingly. Finally we consult our clients on how to avoid future negative credit listings while educating them with helpful tips on how to use their credit to their advantage.