Is Credit Repair Legal
In a recent study, it was found that over 80% of credit reports across the United States contained serious inaccuracies, such as wrong social security numbers, collections or charge-offs that do not belong to consumers, and late payments that never occurred.
Under the Fair Credit Reporting Act (FCRA) you have a right to dispute inaccurate information. There are specific guidelines as to when and how the reporting agencies must respond.
Tips for Success:
Violations can be taken to small claims court and monetary awards of $1,000.00 are standard.