How To Battle Credit Bureau Disputes

By Tim Beachum

The mission of this article is to help you to have a better understanding of the credit bureau dispute process. I highly recommend that you print and save this article. Once the credit bureaus get wind of this article they will do anything that they can to stop it from being distributed. The bureaus don't want you knowing the truth. Continue reading and pay close attention as I peel back the mask on these legal criminals.

If you were to leave it up to the credit industry they would have you believe that the credit bureaus are set up to help you as the consumer. If you believe that, I own a little bridge in Brooklyn that I would like to sell you at a cheap price.

*Yes it would be wonderful if the credit bureaus really put the interest of the consumers first. A wise person once told me that you never bite the hand that feeds you. That saying also applies to businesses such as the credit bureaus. Trust when I say - the credit bureaus will by no means bite the hand that feeds them.

Do you know how much money the credit bureau's make by helping you? Zero, zip, nada. There is no benefit for them helping you to repair your credit. It is crucial that you remember at all times during the credit bureau dispute process that you understand how the credit bureaus work and who's side they are really on. The main objective of their organization is to collect your information and sell it to business owners. Since you now have an understanding that the credit bureaus are indeed a business you should also consider that goal of all businesses on the face of the planet. That goal is to make a profit...

Let's build on what we have learned so far. We now know that the credit bureau's are big business, and the goal of all business is to make a profit. With that understanding take a moment to consider that if the credit bureaus where to help you they would make nothing. However selling your information to other businesses they make boat loads of cash. The bottom line is it's all about the money and you are the one that ends up loosing out if you don't understand how things work.

Credit repair is a numbers game and it is fought on two fronts simultaneously. The first front is establishing new lines of credit which is outside the realm of this article. The second front is fought via credit bureau disputes. This is a series of letters that you send to the three major credit bureaus disputing any false claims that you have found on your credit report. The good news is the law is on your side and you can force the credit bureaus to help you if they fail to do their jobs.

After submitting your letters of disputes, the credit bureaus have 30 days to investigate and respond to your claims. If they respond by clearing the false claim then all is well. If they fail to respond within the allotted 30 day time frame by law they have to remove the claim in question.

A recent study showed that 93% of individuals that attempt to repair their own credit will use a template that they found online for their credit dispute letters. This can be a rather costly mistake, because the credit bureau's are aware of the online templates and it sends up a flag. It instantly notifies the credit bureaus that you don't know what you are doing. That's when they pull out their arsenal of tricks that they will use to trick you into extending the 30 day process. For example they will give you a friendly little call asking questions about your dispute letter.

On the surface a friendly call would appear that they are just doing their job and trying to help you. In reality once you answer the call it resets the 30 day limit giving them an additional 30 days. The best way to avoid getting caught up in the credit bureau's spider web of deception is to avoid them by all means until the 30 day time limit has expired. - 31382

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