A Good Credit Score

A Good Credit Score

Credit Repair – Fast Credit Repair

by Daniel Fox

So why is it that, though everyone has the right to dispute the negative items in their credit reports, very few people do? It certainly can’t be because they don’t understand the importance of a high credit score.

After all, it doesn’t take a genius to figure out the benefits of a good credit score when it can be the difference between paying $2,500/month and $2,000/month for the exact same house.

Most Americans want to believe the credit reporting system works; that people earn their bad credit and there is nothing they can do about it but wait for seven years. But study after study shows the credit reporting system frequently does not work.

This is why the Fair Credit Reporting Act and other consumer protection legislation give you the right to do something about it – the right to make sure your credit score is as good as it can be.

The credit bureaus at the center of the credit reporting system are not official organizations. So now you are asking yourself, how do they ensure this information is correct? If a creditor reports something that is wrong, how do the credit bureaus make sure it doesn’t end up on your credit reports?

The answer to both of these questions is: they don’t. Your creditors report information, the credit bureaus record it, and for most people, the story ends there. Instead, they are massive, for-profit corporations that collect personal information from your creditors and make money by selling this information in the form of your credit reports.

More likely, the reason people do not repair their credit is a mix of apathy and lack of understanding of the credit reporting system. Too many people assume the credit reporting system is some official government bureaucracy with an extensive system of checks and balances designed to ensure the safekeeping of their credit history.

This couldn’t be further from the truth. Instead, they are massive, for-profit corporations that collect personal information from your creditors and make money by selling this information in the form of your credit reports. The credit bureaus at the center of the credit reporting system are not official organizations.

Making sure your credit score is where it should be is your responsibility and repairing your credit reports is a task you will have to initiate because no one out there will do it for you.

It is your right and your responsibility to dispute the questionable negative items in your credit reports and the sooner you start, the better. You can work to repair your credit on your own or you can enlist the help of a credit repair law firm like Lexington Law.

Whether you attempt to repair your credit on your own or with the help of a credit repair expert, by taking an active role in the credit reporting system, you can ensure your credit score is as good as it can be and that you have the advantage over the millions of people out there with bad credit who haven’t taken action to do anything about it.

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