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Credit Report Repair
Here Is How Credit Repair Works
People are curious about how credit repair works, especially if they are sitting with a bad credit report. It is really not difficult and in reality is based on a technicality in the law.
The FCRA (Fair Credit Reporting Act) requires that credit bureaus be able to back up or
prove what it is they are reporting on your credit report. The technicality comes in right here because this legislation does not specify HOW they are to back it up or prove it.
The credit bureaus choose to prove it by getting third party verification from the original credit furnisher. So the bureaus never see any actual documentation to validate what they are reporting.
That's where the "rub" comes in! If the bureaus have never viewed any actual documents then they are merely trusting the word of a third party that the information is correct and yet they can be held liable if that information is incorrect.
That is EXACTLY WHAT THE COURTS HAVE SAID. US Courts have gone even further by penalizing the credit bureaus for not verifying actual documents during an investigation.
Credit report repair works because credit bureaus refuse to verify the actual documentation. It may not be 100% "fool proof" but it is definitely worth doing whether you do it yourself or hire a credit repair company.
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