The 4 Laws of Legal Credit Repair

By: Stuart Hunter

Fortunately for you, decades ago Congress realized the system of credit reporting needed revision. The practices of the credit bureaus and the agencies using the credit reports they provided were deplorable. American consumers were being abused by a system they had no way of influencing and no way of keeping in check.

To counter this, Congress created the Fair Credit Reporting Act which with its subsequent revisions has become the keystone for constructing your consumer credit rights. It is because of the FCRA that you have the right to see what information is recorded on your credit reports and to work to correct the questionable negative items they contain.

Along with the FCRA, there are other consumer protection laws that give consumers certain rights when you are working with the creditors and collections agencies who provide information to the credit reporting agencies. By being aware of and taking advantage of their rights under each of these consumer protection laws, consumers have been able to successfully repair their credit.

Fair Credit Reporting Act
The Fair Credit Reporting Act (FCRA) is what got credit repair started. Because of this act, you have the right to see your credit file and to dispute questionable credit listings directly with the credit reporting agencies.

Fair Debt Collection Practices Act
Along with protecting your against abusive behavior from debt collectors such as contacting you at unusual hours, screaming at you, using vulgar language, lying about their identity, or threatening violence while trying to collect a debt, the Fair Debt Collections Practices Act (FDCPA) gives you powerful debt validation tools that give you the right to challenge any debt.

Fair Credit Billing Act
Similar to how the Fair Debt Collection Practices Act governs collections agencies, the Fair Credit Billing Act gives you the right to dispute inaccurate negative credit listings directly with your original creditors in an effort to get them to change the way they are reporting your account to the credit reporting agencies.

Credit Repair Organizations Act
With all the laws surrounding credit repair, it can be overwhelming for a newcomer trying to repair their credit reports. Fortunately, there are legal credit repair firms who help consumers work towards a fair and accurate credit score. These credit repair organizations are regulated by the Credit Repair Organizations Act which helps prevent consumers from becoming a victim of a credit repair scam.

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You have certain rights regarding your credit including the right to legally fix bad credit by disputing the questionable negative items in your credit reports. You can work to repair your credit on your own or with the help of a reputable credit repair law firm.

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