No one can legally remove accurate and timely negative information from a credit report. You can ask for an investigation —at no charge to you — of information in your file that you dispute as inaccurate or incomplete. Some people hire a company to investigate for them, but anything a credit repair company can do legally, you can do for yourself at little or no cost. By law:
Write the various reporting bureaus with the explanation of your circumstances and ask for removal of the item. If they are not willing to remove the information, you have the right under the Fair Credit Reporting Act to attach personal statement (up to 100 words in most states) explaining the circumstances. Depending upon the type of information reported by the bureau, your credit record and score may be affected up to ten years.
If you have negative information on your credit report, it will remain there for 7-10 years. This helps lenders and others get a better picture of your credit history. However, while you may not be able to change information from the past, you can demonstrate good credit management moving forward by paying your bills on time and as agreed. As you build a positive credit history, over time, your credit scores will likely improve.
Most credit counselors offer services through local offices, online, or on the phone. If possible, find an organization that offers in-person counseling. Many universities, military bases, credit unions, housing authorities, and branches of the U.S. Cooperative Extension Service operate nonprofit credit counseling programs. Your financial institution, local consumer protection agency, and friends and family also may be good sources of information and referrals.
There are many reasons to start on the path to credit repair. The biggest reason is that credit affects you every day. It affects the interest rates you pay on credit cards and loans, including mortgages, and can result in higher security deposits for rentals. It can also affect what you pay for insurance rates and what credit limits you qualify for. Good credit can also mean financial freedom where you don’t have to depend on cosigners to help you make purchases and secure loans.
UPDATE: The Alternative Loan Machine is actually fixing the issue for me now. Apparently the problem was during the period when they were switching from beta testing to going live. Their communications were down while they were transferring everything over to their new system. They’ve since contacted me and are assisting in getting my refund back from the vendor I hired through them, so everything’s getting taken care now. They are at this time doing everything they advertise themselves doing.
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If your debt feels overwhelming, it may be valuable to seek out the services of a reputable credit counseling service. Many are non-profit and charge small or no fees for their services. You can review more information on selecting the right reputable credit counselor for you from the National Foundation for Credit Counseling. Credit counselors can help you develop a Debt Management Plan (or DMP) and can negotiate to reduce your monthly payments. In many cases, you'll be responsible for only one monthly payment to the credit counseling service, which will then disburse funds to all of the accounts you owe on.
All of our tools offer complete English and Spanish user interface, selectable per user, this way if a user feels better using the software in Spanish, all what the user needs to do is to click on "Spanish" and the entire system will change menus, messages and screens to Spanish. Click on that icon again and the system will be back to English interface, that simple!

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Review your credit reports for accuracy. Your report may contain inaccurate information or might be missing important credit information. Contact the credit reporting agency in writing immediately to fix any errors. Be sure to provide complete and necessary information so that the agency can complete an investigation and repair any inaccuracies.[1]
Your payment history is the most important factor in your FICO credit score and accounts for 35% of most scores. VantageScore doesn’t provide percentages, but the percentages used are likely similar to FICO’s. And even just one late payment can drop your scores significantly. Having a good payment history is critical to maintaining healthy credit accounts.

The credit bureau usually has 30 days after receiving your dispute to investigate and verify information. Typically, the credit bureau will reach out to the company that provided the information and ask them to investigate. The credit bureau is required to send you the results of the investigation within five business days of the completion of the investigation.
Many of the companies appearing to offer free credit reports sell their monitoring service for a fee. The companies make you sign up for the free report and give a credit card, and then automatically transfer you to a paid service after enrollment and a trial period. If you do not cancel the service within the trial period, your credit charge will be automatically charged each month. Make sure you stop the service.
If you pay a charge-off in full, your credit report will be updated to show the account balance is $0 and the account is paid. The charge-off status will continue to be reported for seven years from the date of charge off. Another option is to settle charge-offs for less than the original balance if the creditor agrees to accept a settlement and cancel the rest of the debt.
The creditors don’t have the time or manpower to negotiate with every one of their customers individually. They work with credit counseling agencies like us to create a set of standard concessions that we may offer to clients when appropriate. The creditors also understand that we provide counseling and education, which makes our clients more likely to succeed in repaying their debts.
If you are thinking of starting your own credit repair business, there are many factors to take into consideration before joining the growing industry of credit repair. With the economy rates as low as they are, the need for credit repair advisors and credit repair businesses are growing quickly. Begin by first researching all of the numerous state and federal laws in accordance to starting a credit repair business. Become acquainted with the CROA (Credit Repair Organizations Act), as well as your state’s legislation, licensing and bonding laws regarding credit repair business operation. Finally, educate yourself on all credit related topics that will help you succeed in the credit repair industry.

We are constantly improving our software, adapting it to the changes of the Credit Repair Industry, Federal and State regulations and to cover important requirements from our existing Clients. As part of what is included with the software’s monthly access fee, you will receive all the updates released every month. These updates may include new functions, modules, reports and Dispute Wizard Content.
Additionally, the security deposit you use to obtain the card is used if you default on your payment. Using the security deposit means that, even if you default, the card is paid because it’s secured by your funds. As such, the account won’t in collections due to nonpayment. However, this isn’t the case if the balance on which you default is higher than the amount of your security deposit.
TurboDispute software provides separate settings to control different aspects of your business. You have dashboards for Customer Management, Referral Management, Affiliate Management, Account Management and Dispute Letter Management as well as Software Customization. We know that every company is unique in their own way, and that is why we created a system that reflects that. In seconds you can customize drop downs and other software variables on credit report statuses, customer statuses, dispute instructions, add your own dispute reasons Individualize your own account statuses, account types, dispute statuses, letters, user privileges and much more.
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