When your credit report is riddled with errors, it can be incredibly difficult to file disputes with the reporting agencies to have this incorrect information removed. After looking online, however, you may find that a credit repair company claims they can help get your credit score back to where it should be. Before agreeing, however, it’s important to understand how credit repair companies operate and why it may be in your best interest to work with a Los Angeles, California credit report lawyer instead. Keep reading to learn more.
What Do Credit Repair Companies Do?
Credit repair companies tout their ability to help consumers by claiming to improve their credit scores. Generally, when you work with a company, they will request a copy of your credit report and locate any errors, like incorrect account information or duplicate listing. They will then file disputes with credit reporting agencies to have the false information removed from your account.
Why Should I Avoid Working With Them?
Though working with a credit repair agency may seem like a good idea, it’s important to understand that these agencies may not be as they appear.
While some agencies will only remove incorrect information, others will dispute any negative charges on the account, whether or not it is an error. As such, you may see temporary improvements while the agency works to investigate, but it will more than likely be re-reported. In addition, you’ll find that continually and deliberately reporting a correct listing as false to the credit reporting agency is a violation of the law.
You’ll also find that many of these services charge exuberant amounts of money for results you may not see. Unfortunately, if you have incorrect information on your account, it can take months or even years to see results, all while you continue to pay money to these companies.
Finally, many of these repair companies use templates to dispute charges on behalf of consumers. As such, there may not be enough information in the dispute letter for the credit reporting agency to overturn the inclusion on your report, leaving you with no resolution.
Can an Attorney Help?
If you discover credit errors on your report, generally, the best thing you can do is connect with an experienced attorney. When working with a lawyer, they have the time and resources to dedicate to your case, helping you achieve a more favorable outcome.
When you notice errors on your credit report, filing a dispute can be overwhelming. However, working with the team at Los Angeles Legal Solutions can help you receive the best possible outcome. Our firm will do everything possible to help get the incorrect information removed from your credit report so you can achieve your financial goals. Contact us today to learn more.
