How long will it take to repair my credit?

The FTC’s sole purpose is to protect you from financial crime, including small to large violations from FINANCIAL INSTITUTIONS, And sketchy credit or debt management entities or scammers. So it's to no surprise that the first impression they want to create about the credit repair industry is a bad taste in your mouth. After all, who wants to be scammed out of their money with high hopes to get out of their financial shackles of having bad credit when they are in a hurry to find the best credit repair company. One of two things may happen you are searching for a legit credit repair company.

You will make the mistake of calling the company before you do any valid research and just accept whatever the representative on the phone says and take it as your only option and if the sales pitch is good enough and price is easy enough for you to budge on you will pull the trigger and sign up for whatever monthly plan they have not knowing that it will probably be a year before you see any significant changes

You will take your credit serious enough for you to d your research on companies that have good reviews and actual clients with positive testimonials and a proven track record. This may take a few hours of work but if you are up for it then it could save you months maybe even a year of your time!

Now let’s circle back to what the FTC says about credit repair companies and their DIY guide since according to them you can repair your credit by yourself and shouldn’t hire anyone. Why not do it yourself? Seems easy enough right? Yeah just follow their DIY guide on how to fix your credit on their website where you can follow all of their steps on what exactly to do.

“Tell the credit reporting company, in writing, what information you think is inaccurate. Use our sample letter to help write your own. Then Send your letter by certified mail, because "Credit reporting companies must investigate the items you question within 30 days "

- I can agree that if you are going to dispute errors or negative accounts on your Experian credit report your dispute letter via certified mail would be proof and evidence that you actually mailed the letter as opposed to, let's say by mailing a letter by typical post without any receipt, but what if I that mail gets lost or stolen inside my mailbox? I know what you're thinking it will never happen right? Yes this may be unlikely to happen but it does happen. Nonetheless you still need to prove that you had sent the mail. The problem with this is that the time that it takes for the mail to be received may take up to 7 to 10 days. Keep in mind there's no guarantee on that. It could take even longer for your letters to be received especially if you don’t know which department in Experian Information Services to send it.

Now let's take a look at what happens when your letter is received if we quickly check back on the FTC website I don't believe that they left you any address to mail in your credit disputes? So what would a certified dispute letter to Transunion, Equifax, or Experian do if it’s most likely being mailed to the incorrect department? Wait a minute! I thought this was a do-it-yourself guide. Shouldn’t a DIY credit repair guide have all the proper detailed instructions for you to repair your credit? I swear a little detail like that can really stop you in your tracks if you’re trying to repair your credit fast.

OK so I just gave you a small example on how unreliable the government FTC DIY credit repair guide can be when it comes to repairing your credit fast. Ok so now we know that the FTC doesn’t even tell you where to send your credit disputes, perhaps they don’t know? Why else wouldn’t they include those extremely important details? This would be a big deal if we didn’t have our wonderful, all-knowing, all seeing, best friend called Google. You can just do a quick Google search "where do i send my credit disputes", “dispute items on transunion", or "dispute address equifax". We can go on for hours and hours until our eyes bleed to find the right address to send it but but all that time goes down the drain and there's no guarantee for sure that they will receive your credit disputes. So let me tell you what will most likely happen when you send it to these departments.

First of all before you begin to send anything to any company you first need to understand what these companies actually do and how they actually work. There are three different credit agencies with one function, to collect consumer data and put it on a report stored on a server. Again there are three credit reporting agencies, Transunion, Equifax, and Experian. These are all privately held companies that are completely different from one another with different policies and they deal with consumer disputes in their own specific sneaky ways. You can’t approach them with the same exact strategy or tactic otherwise you are for sure going to waste your time and be very disappointed.

Now back again to what exactly do these financial institutions do. Credit reporting agencies such as Transunion, Equifax, and Experian just collect consumer data and they keep it on file to protect the banks by analyzing risk in a way to maximize profit and minimize loss. Now here is you with a damaged or even compromised credit report in their database with little to no reason why it was damaged in first place. Maybe a existential circumstance happened to you like a car accident, maybe you had a health emergency because of that, maybe you got a divorce, or maybe you were just like me when I was young and less experienced and made some bad mistakes with my credit. The point is they don’t know how or why yoru credit report for damages and that’s important.

We ll deserve a second chance especially being an American citizen we have all of these beautiful consumer rights that allow us to rectify those past mistakes, which I will illustrate and another video for you. So again these agencies use your data to make profit from you which it is a conflict of their interest. Why else do you think they try so hard to keep you from removing negative accounts let alone just obtaining a free copy of your credit report.

If you have bad credit then the credit reporting agencies have already given you the scarlet letter based on what they have analyzed and made a decision that you are a risk to them which is precisely why your credit score is very low and you still have negative accounts on your report. Maybe you have hired a credit repair company in the past or maybe you have even followed this exact do it yourself guide from the FTC only to find that your negative accounts are simply not coming off because that’s the most likely thing that will happen.

So with that being said I think it’s fair to say we have enough information to collect and say that these agencies are definitely not here to help you. The FTC DIY guide is not sufficient enough for you to repair your credit nonetheless these agencies are funded by lobbyists i.e. the banks.

The FTC and the banks have a bipartisan relationship totally biased and partial to one another. We can just rewind back to 2007, 2008 when the government actually bailed out all the banks that actually issued out unqualified loans to people that should have never gotten them in the first place. Was that the banks fault or the consumers fault? It’s kind of like giving a child a motorcycle to ride when they don’t have a license and never taken a riding or safety course on how to use that vehicle in their life. Now let’s say they get into an accident. Well first of all if the child was never given the vehicle to begin with that would’ve never happened in the first place. This may not be the best analogy, but I’m sure you get my point. So at this point I’m sure we can understand that the advice from the FTC is unreliable and being at the mercy of the credit reporting agencies by going certified mail route just takes super long and is definitely not how you want to repair your credit fast or effectively.

OK so we have read somewhat of the first part of the FTC’s do it yourself guy to repair credit now let’s go back to where they said after you send your dispute by certified mail.

“When the investigation is complete, the credit reporting company must give you the results in writing, too, and a free copy of your report if the dispute results in a change. If an item is changed or deleted, the credit reporting company cannot put the disputed information back in your file unless the information provider verifies that it’s accurate and complete.”

OK so the FTC’s DIY credit repair guide tells you to send your disputes bia certified mail but they never specified an exact address. If you get lucky enough to even mail it to the right place they would conduct a “investigation” that’s supposed to take 30 days however you cannot rely on that number. As I said before it will take minimum 7 to 10 days for that mail just to be received by the bureaus and if it gets to the right address it will go to the department that receives the mail. Not the specific person or department that would investigate that document in according to the Fair Credit Reportinf Act. It’s crucial to understandt he exchange and receiving process of these departments because if you send your dispute in by certified male it will take 7 to 10 days so let’s just say 37 days for it to be received then how long does it take for that dispute to be sent to the correct apartment and then issued back as a formal complaint or investigation to the specific company?

These things are all pretty much unknown and we shouldnt rely on sending anything to the bureaus if we don’t know exactly when it will be received or if it’s being received by the correct department. Would you really feel comfortable disputing your credit report like this? I certainly hope not.

Now to go to their final step which it says

2. “Tell the creditor or other information provider, in writing, that you dispute an item. Include copies (NOT originals) of documents that support your position. Many providers specify an address for disputes. If the provider reports the item to a consumer reporting company, it must include a notice of your dispute. And if the information is found to be inaccurate, the provider may not report it again”

OK here’s where it gets a little concerning to me because they suggest that you provide those same agencies that are protecting those financial institutions to share your personal documents including your identification your home address your private contract or lack of one so they can share it with the creditor.

Well first of all don’t you think that’s a little bit too much to give or invasive to your privacy after all if the creditor did do business with you in the first place shouldn’t they have those documents to begin with?

I’m sure with a simple name and account number they should be able to find the account if it truly exist in their records so I give them all that information isn’t that their job? But that’s right it is their job but here they are asking for you to do their job for them so it would be easier for them to deny whatever dispute that you are going to send them.

Be careful with this trick because there are a lot of tricks that the bureaus use in order to just deny your disputes, and right now we’re just talking about the mailing system we’re not talking about the online speeding system that I’m pretty sure enough people know about already considering Experian has their free credit monitoring that they’re giving to the masses of people well disputing things online with Experian is definitely another topic however I will tell you now it’s a lot worse than the mail system because they can collect time stamped signatures IP addresses Mac addresses and have you opt into their cookie policy as soon as you go to their website just to spy on you and collect your information directly from your computer and use that to deny your disputes or make it nearly impossible to get an item off!

OK so after hearing all of this you might just want to give up on your credit because it seems impossible knowing that the government's DIY guide to repair your credit is unreliable and bureaus are not designed to help you may totally discourage you but Don’t lose hope! There is a solution for you and yes there is a way you can Dispute all of your negative accounts and they will be received within seconds and answered in as little as a few days and deletions within even 2 weeks instead of months or even years. I’ll leave a link below with a video on how to do exactly just that. I will also show you the most reliable way to dispute your accounts that will protect your privacy and integrity of your credit report so you don’t have to worry about your sacred identity or private documents being shared with creditors you cannot trust it with all you have to do just click the link below and watch the entire video and once you understand our simple formula I promise you you’ll be on your way to having better credit!

Stay Strong!

Andre