If you’re like most Americans, you understand that your credit score plays a critical role in your finances. This determines if you’re approved for loans, where you live, and what kind of jobs you may be hired for, making it one of the most important aspects of a consumer’s life. That’s why discovering an error on your credit report can be upsetting. However, you may find that credit repair companies tout their ability to help consumers. The following blog explores the reality of working with a credit repair agency and why it’s in your best interest to connect with a California credit report lawyer for assistance instead.
What Does a Credit Repair Agency Do?
When you find an error on your credit report, there are agencies out there that claim to fix your score. They will work with you for a fee to dispute the inclusion of the information with the credit reporting bureau.
However, it’s important to understand a few things about these companies. The first is that you can’t technically “repair” your credit score. Errors on credit scores can be corrected and removed, but these companies won’t magically make your score excellent. Additionally, they’ll charge you to send out a dispute, which you can do on your own for free. Many may be overwhelmed by the idea of disputing this information, so you may be willing to pay extra to have a company handle these matters for you. However, the dispute they send is likely a weak template, meaning the reporting bureaus may deny it due to the lack of information to support the claim of erroneous details on your report.
Why Is It Better to Work With an Attorney?
If you need assistance due to inaccuracies on your credit report that are negatively impacting you, it’s important to understand that working with an attorney is in your best interest. Not only can they work with you to help find evidence to support the claim that information on your report is incorrect, but they will follow up with the credit reporting agency to help ensure these false details are removed from your account.
Additionally, working with an attorney gives you the opportunity to fight for damages for violations of the Fair Credit Reporting Act (FCRA). As such, you may be able to receive compensatory or statutory damages for any issues caused by the false details on your report.
Though it may seem cheaper and easier to work with a credit reporting agency, it can cost you more in the long run. Working with an experienced consumer attorney from Loker Law, APC can help you fight for the justice you deserve if you’ve been negatively impacted by the inclusion of false information on your credit report. Contact our team today to learn how we can help you through these challenging times.
