Frequently Asked Questions

Frequently Asked Questions

Question: I can have higher credit scores and a better looking report? It’s that easy?

Credit repair companies often over promise and under deliver when it comes to results. They try to convince you that they can repair your credit quickly and make guarantees about what they remove from your credit report. This is misleading and you should stay away from such firms. A company that overpromises what they can remove will ultimately take your money and leave you feeling like you have been lied to. This is more likely of a function of where the industry is going rather than the company itself. Many credit repair companies are pushed to sell the service by over inflating what they can accomplish to get their part of the market share. This could cost you a lot of money and possibly make your credit worse. Make sure that you educate yourself on what your rights are and what legitimate credit repair companies can do for you.

Without the FCRA (Fair Credit Reporting Act) you would have no recourse to defend yourself with regard to your credit report. It would be like being arrested for something and going straight to jail with no phone call, no lawyer, and no judge. Many people are under the impression that once an item has gone on your report it is there forever and this is simply not true. The Fair Credit Reporting Act was created because the FTC recognized that there was a need for people to be able to correct errors on their credit reports. Victims of identity theft and those with inaccurate information were in an unfortunate position because the credit bureaus sell your credit report information to businesses or individuals such as insurance companies, employers, landlords, and creditors.

It is embarrassing and disappointing to be denied a loan based on your credit report. Disputing a negative item on your credit report is much like pleading “not guilty” to the credit bureaus. They are then required by law to investigate your dispute and determine if it can be proven that the item should be showing.

Question: Can I Repair My Own Credit?

What credit repair scams may not tell you is that you can fix your credit legally by contacting the credit bureaus yourself. You also have the option to utilize the experience and knowledge of a legal credit repair company to assist you. Whichever method you choose, it is completely legal to fix errors on your credit report. However, if you try to accomplish the repair yourself you are risking the knowledge of being effective. Would you hire an attorney to go to court? Or would you leave it up to chance and defend yourself?

Disputing inaccurate and unverifiable information allows you the opportunity to take control of your credit reports and fix your credit score. Griffin Credit can help you repair and fix your credit. If you are interested in working with Griffin Credit, or learning more about our credit report repair or Identity Theft Protection Services contact us.