It seems like a new business networking group springs up every week. This last week, I was asked to join a new group by the name of Cup of Coffee Networkers. From what I can tell, it is primarily an online group, so I am still trying to figure out how this avid coffee-drinking connoisseur is going to get his cup of coffee. Actually, I think the goal is to start online and then organize groups offline step by step. Are they going to meet at coffee shops?
All humor aside, it is a fact that business networking groups are the in thing these days. A popular one that I personally attend is Netweavers– SAKM Netweavers (South Arlington, Kennedale, Mansfield) . You are probably asking “what does this have to do with the title ‘What is credit repair anyway?’” Well, I am glad you asked. One of the key components of any networking group is to meet with other members one-on-one in order to get to know each other and their respective businesses better. Without fail, whenever I do a one-on-one with someone they either ask “what is credit repair anyway?” or, “so, how does credit repair work?”. That is the question I am waiting for them to ask. I love to answer it.
Credit repair in a nutshell:
The first step is to obtain your credit reports and get them to us. Once we’ve received your credit reports, we will analyze your credit history to identify items that are responsible for bringing your credit score down – including not having enough current positive credit.We will recommend and provide ways to increase your score, as well as draft letters to dispute the negative items on your behalf. Upgrade My Credit’s letters are expertly designed such that credit bureaus will accept the dispute and conduct an investigation.
A disputed credit listing must be verified as accurate and within the correct time constraints for it to remain on the credit report. If the credit listings contain an error, the credit bureau may simply correct the item, but, very often, disputed credit items cannot be verified because either the creditor no longer possesses necessary information or does not to go to the effort of verifying it. Furthermore, the investigation must be completed within 30 days or the listing must be removed. For these reasons, properly disputed credit listings are removed from your credit report with remarkable frequency.
At the conclusion of the credit bureau’s investigation, a new copy of the credit report is sent to you along with any deletions or improvements. You then provide us with a copy of the new credit report and the cycle repeats itself at strategic intervals and according to a personalized plan for reaching your goals.
The above process can be done DIY (Do it yourself), as the laws used by Upgrade My Credit and all credit restoration companies were written for the consumer. However, for some reason, the government did not write the laws consumer-user friendly. And, just like we need a CPA or even have someone mow the lawn for us, often times, it is more efficient and quicker to let a professional help.
In addition to credit repair, Upgrade My Credit offers many more financial and credit services to help you build and manage your financial future well, such as personal budgeting help, debt reduction programs, classes and workshops, bankruptcy counseling, etc.
Well, that is it in a nutshell. Hope it has answered the question “what is credit repair?”.
Here’s to your financial future!
Blair Warner – Founder and Sr. Credit Consultant