Many of us believe that it is only through an agency that we could have any hope of repairing our credit. Rest assured that this is not true. It could cost you more money and time to arrange through an agency than it would to just do it yourself. My recommendation, before contacting an agency for assistance is to follow the steps below as you may just be surprised at the results. Repairing your credit takes time, and takes patience. You first need to use our Credit Healing Dispute Letters that you can obtain here www.credithealing.org.

Your credit report shows your history of using credit, including the accounts you have (both opened and closed), your payment history, credit limits, and amounts owed. Credit Report Guide This easy to read visual road map to understanding your credit report identifies each section of the report with clear, concise definitions to help guide you while reviewing your credit report. Click here to download the Credit Healing Credit Report Guide.

Your credit report contains details about your financial behavior and identification information. This user-friendly report is sometimes called a credit file or a credit history. Credit Reporting agencies collects and organizes data about your credit history from your creditor’s and public records. They make your credit report available to current and prospective creditors, employers and others as permitted by law, which may speed up your ability to get credit. Getting a copy of your credit report makes it easy for you to understand what lenders see when they check your credit history. How Can I Get

If you take a hard look at your situation and analyze your debts carefully, you might just find a solution to knocking down the debts. Debts are bills we owe to creditors, someone or source that has extended us a line of credit believing that we will pay the debt on time. When creditors notice that you are behind on your bills, they often wait a few weeks before notifying collection agencies and reporting you. In this length of time, you can write your creditors and ask for an extension or a reduction on your debt

WhoWhyPrecedent/LawFine Creditors if they report your credit history inaccuratelyInjury to your credit report and credit scoreFCRA Section 604 (A)(3)$2500 Credit bureaus if they refuse to correct information after being provided proofDefamation, willful injuryFCRA Section 623 CUSHMAN VS. TRANS UNION CORPORATION US Court of Appeals for the Third Circuit Court Case 115 F.3d 220 June 9, 1997, Filed (D.C. No. 95-cv-01743). Extent of damages incurred by the wronged party, as deemed by the courts Credit bureaus if they reinsert a removed item from your credit report without notifying you in writing within 5 business days.Consumer protection afforded

What is a collection agency? A collection agency is any person or company whose main purpose is the collection of debts for other companies. An attorney who collects a consumer debt for a creditor is considered a collection agency under federal law. Typically, a collection agency will represent several different creditors. Collection agencies are governed by several different laws. Each state has its own laws to govern collection agencies, ranging from requiring state licensing and licensed managers to virtually no state regulation whatsoever. However, every collection agency is governed by a federal law called the Fair