People hire credit repair companies to help them investigate mistakes on their credit reports. But credit repair companies can't remove negative information that's accurate and current from your credit report.
A skilled credit report dispute attorney has the legal background and experience to understand and navigate a variety of credit dispute challenges. They understand the details of the Fair Credit Reporting Act, including your rights under the law.
Filing claims might be extra work, but the majority think it's worth it. Among those who've successfully disputed a claim, 91% say it was resolved within a month and 98% feel filing was worth it.
Lawyers cannot remove information from your credit report. Only the official credit reporting agencies (Experian, Equifax, and Transunion) can make changes to your credit report. However, you can contact the credit reporting agencies yourself and provide them proof that your old credit cards have been settled.
Four Steps to Take if You Received a Debt Collection Letter From a Lawyer Carefully Review the Letter to Determine the Claim. Consider Sending a Debt Validation Request. Gather and Organize All Relevant Financial Documents and Records. Be Proactive: Debt Does Not Go Away on its Own.
Most demand letters include a deadline for response. This deadline is typically 30 business days from the date the letter is received. Unfortunately, that doesn't mean you can expect a settlement within a month.