FTC
We do not do credit repair for you. We
only provide you with information about different methods that have been
used by others to obtain credit. If you are dealing with a credit
repair company, then they must comply with the following information.
''CONSUMER CREDIT FILE RIGHTS UNDER STATE AND FEDERAL
LAW
''You have a right to dispute inaccurate information
in your credit report by contacting the credit bureau directly. However,
neither you nor any 'credit repair' company or credit repair organization
has the right to have accurate, current, and verifiable information removed
from your credit report. The credit bureau must remove accurate, negative
information from your report only if it is over 7 years old. Bankruptcy
information can be reported for 10 years.
''You have a right to obtain a copy of your credit report
from a credit bureau. You may be charged a reasonable fee. There is no
fee, however, if you have been turned down for credit, employment, insurance,
or a rental dwelling because of information in your credit report within
the preceding 60 days. The credit bureau must provide someone to help you
interpret the information in your credit file. You are entitled to receive
a free copy of your credit report if you are unemployed and intend to apply
for employment in the next 60 days, if you are a recipient of public welfare
assistance, or if you have reason to believe that there is inaccurate information
in your credit report due to fraud. ''You have a right to sue a credit
repair organization that violates the Credit Repair Organization Act. This
law prohibits deceptive practices by credit repair organizations.
''You have the right to cancel your contract with any
credit repair organization for any reason within 3 business days from the
date you signed it. ''Credit bureaus are required to follow reasonable
procedures to ensure that the information they report is accurate. However,
mistakes may occur. ''You may, on your own, notify a credit bureau in writing
that you dispute the accuracy of information in your credit file. The credit
bureau must then reinvestigate and modify or remove inaccurate or incomplete
information. The credit bureau may not charge any fee for this service.
Any pertinent information and copies of all documents you have concerning
an error should be given to the credit bureau. ''If the credit bureau's
reinvestigation does not resolve the dispute to your satisfaction, you
may send a brief statement to the credit bureau, to be kept in your file,
explaining why you think the record is inaccurate. The credit bureau must
include a summary of your statement about disputed information with any
report it issues about you.
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