What Does A Credit Dispute Attorney Do?

Poor credit means fewer loan options, higher interest rates, and more difficulty hunting for housing and employment. There are two ways to go about this. You either start repaying your loans to give your score a boost, or you seek help from a credit report dispute attorney. Here’s how the latter can help you:

What are the knowledge requirements?

A credit report dispute attorney should have the required knowledge about the laws that affect credit as a whole. These include the Fair and Accurate Credit Transactions Act, Fair Debt Collection Practices Act, The Fair Credit Reporting Act, and The Credit Repair Organizations Act. Other than that, they are also well-aware of the role of the government agencies and credit reporting bureaus and the state laws that govern debt collection and credit repair.

What does a credit report dispute attorney do?

A credit report dispute attorney’s main job is to dispute your credit report with one of the three reporting bureaus on your behalf.

Step 1

They initiate the process by obtaining copies of your report from the three bureaus. They’ll then scour the report and note down the information that can be altered/removed/verified on the basis of the provisions of the Fair Credit Reporting Act.

Step 2

After they’ve made the required notes, they’ll help you draft an appropriate letter to the debt collectors and bureaus. Although you can find multiple samples on the internet, it still helps to seek help from an expert who knows what they’re doing. A reliable credit report dispute attorney will never recommend you dispute all the inquiries on the report with the hope that some of it will work. The dispute attorney will also make sure the letters are very specific to the credit reporting errors. The bureaus usually tend to discard generic letters. The credit report dispute attorney will also mail the letter on your behalf.

Step 3

Other than disputing with the agencies, the credit report dispute attorney will also follow up with adequate advice on how to deal with different types of negative inquiries. Common options (other than disputing) include paying off the debt, settling or negotiating it with the lender, and waiting out the reporting time limit. They’ll enlist the pros and cons of each strategy, in accordance with your unique situation and long-term credit goals. If you’re based in St. Louis, the team of credit report dispute attorneys at Cook Law, LLC is your best bet. Get in touch.