Once you have decided to retain the law firm for your credit restoration process you will be given an agreement. Below are the most FAQ about the program.
As part of your retainer agreement, you will complete a questionnaire that tells us which credit items are accurate, verifiable and should not be challenged. All other credit listings showing up on the credit report are assumed to be inaccurate or unverifiable and will be subjected to a dispute.
Once we’ve received your credit reports, we will construct letters of dispute in your name. These letters are designed to communicate your dispute in such a way that the credit bureaus will accept the dispute and conduct an investigation.
While this may sound easy, any person who has attempted to dispute their own credit will tell you otherwise. According to federal law, the credit bureaus can ignore your dispute under a variety of conditions. In our experience, a large part of dispute letters sent directly from consumers are rejected under one pretext or another.
At the conclusion of the credit bureau’s investigation, a new copy of the credit report is sent to your home along with any deletions or improvements. You then copy and send us the new credit report and the cycle repeats itself at timed intervals.
A disputed credit listing must be accurate and verifiable for it to remain on the credit report. If the credit listings is only somewhat inaccurate, the credit bureau may simply change the item to reflect the accurate status. Very often, though, disputed credit items cannot be verified: the creditor either no longer possesses the information or does not wish to go to the trouble of verifying it. Also, the reinvestigation must be completed within 30 days or the listing must be removed. For these reasons, properly disputed credit listings are removed with remarkable frequency.
Each time an investigation is commenced, the odds of receiving a particular deletion are fairly good. Our experience shows that about 30% of disputed negative items are deleted each time the report is challenged . So, you can see how challenging the credit report four or five times during the year could achieve impressive and meaningful improvements.