Best way to repair bad credit?

[Dylan V]

Short of the obvious,is anyone fimiluar with working with a specific "bad credit" repair company. I have been told they can pretty much wipe your credit clean and find that very hard to believe. I have tax leins and a discharged bankruptcy on my report and was told they can wipe that out.Very doubtful i believe, and dont want to just start throwing money out to these people with no results. Can anyone reccommend the best and safest solution in repairing my history and what actually can be removed?

[credit king]

You are about to hear 10,000 people tell you to do it yourself

[Shawpiro]

There is nothing that cant be taken off your credit bureau. Now you can do this yourself if you have lot and lots of spare time. I work for a company that does get all this removed form your bureau on a daily basis. Bankruptcy, credit card charge off, tax leins, reposessions to just mention a few. Its always better to get a professional to help you especially on something as important as your credit bureau. There are so many people on these forums that say do it yourself. You can do it yourself you can also fix your transmission on your car yourself if you know how or have the time to learn. Why in the hell would anyone want to mess with something as important as their credit future if you dont have any training or experience in such matters. My God people wake up and smell the coffee. There are several good companies out there that can help you and are well worth the money spent. Check them out, get some help and get your credit cleaned up. Its money well spent and its your future.

[Shawpiro]

Keep listening to people like Benjamin and you will never get anything done. He obviousley has no idea what he is talking about. Read the Fair Credit Reporting Act. We get this stuff taken off everyday.

[Shawpiro]

I guess Ill have to post this every week to keep people like Benjamin and the Renaissance Man and others from spreading the propaganda telling you that you cant get anything taken off your bureau and that it has to stay 7 years. Read this and dont believe anyone that says this BS. Its people like that which keep you from learning the truth.

Section 611 Of The Fair Credit Reporting Act

§ 611. Procedure in case of disputed accuracy [15 U.S.C. § 1681i]
(a) Reinvestigations of Disputed Information
(1) Reinvestigation Required
(A) In general. Subject to subsection (f), if the completeness or accuracy of any
item of information contained in a consumer's file at a consumer reporting
agency is disputed by the consumer and the consumer notifies the agency
directly, or indirectly through a reseller, of such dispute, the agency shall,
free of charge, conduct a reasonable reinvestigation to determine whether
the disputed information is inaccurate and record the current status of the
disputed information, or delete the item from the file in accordance with
paragraph (5), before the end of the 30-day period beginning on the date on
which the agency receives the notice of the dispute from the consumer or
reseller.
(B) Extension of period to reinvestigate. Except as provided in subparagraph
(C), the 30-day period described in subparagraph (A) may be extended for
not more than 15 additional days if the consumer reporting agency receives
information from the consumer during that 30-day period that is relevant to
the reinvestigation.
(C) Limitations on extension of period to reinvestigate. Subparagraph (B) shall
not apply to any reinvestigation in which, during the 30-day period
July 30, 2004 47
described in subparagraph (A), the information that is the subject of the
reinvestigation is found to be inaccurate or incomplete or the consumer
reporting agency determines that the information cannot be verified.
(2) Prompt Notice of Dispute to Furnisher of Information
(A) In general. Before the expiration of the 5-business-day period beginning on
the date on which a consumer reporting agency receives notice of a dispute
from any consumer or a reseller in accordance with paragraph (1), the
agency shall provide notification of the dispute to any person who provided
any item of information in dispute, at the address and in the manner
established with the person. The notice shall include all relevant
information regarding the dispute that the agency has received from the
consumer or reseller.
(B) Provision of other information. The consumer reporting agency shall
promptly provide to the person who provided the information in dispute all
relevant information regarding the dispute that is received by the agency
from the consumer or the reseller after the period referred to in subparagraph
(A) and before the end of the period referred to in paragraph (1)(A).
(3) Determination That Dispute Is Frivolous or Irrelevant
(A) In general. Notwithstanding paragraph (1), a consumer reporting agency
may terminate a reinvestigation of information disputed by a consumer
under that paragraph if the agency reasonably determines that the dispute
by the consumer is frivolous or irrelevant, including by reason of a failure
by a consumer to provide sufficient information to investigate the disputed
information.
(B) Notice of determination. Upon making any determination in accordance
with subparagraph (A) that a dispute is frivolous or irrelevant, a consumer
reporting agency shall notify the consumer of such determination not later
than 5 business days after making such determination, by mail or, if
authorized by the consumer for that purpose, by any other means available
to the agency.
(C) Contents of notice. A notice under subparagraph (B) shall include
(i) the reasons for the determination under subparagraph (A); and
(ii) identification of any information required to investigate the disputed
information, which may consist of a standardized form describing the
general nature of such information.
(4) Consideration of consumer information. In conducting any reinvestigation under
paragraph (1) with respect to disputed information in the file of any consumer, the
consumer reporting agency shall review and consider all relevant information
submitted by the consumer in the period described in paragraph (1)(A) with
respect to such disputed information.
July 30, 2004 48
(5) Treatment of Inaccurate or Unverifiable Information
(A) In general. If, after any reinvestigation under paragraph (1) of any
information disputed by a consumer, an item of the information is found to
be inaccurate or incomplete or cannot be verified, the consumer reporting
agency shall–
(i) promptly delete that item of information from the file of the consumer,
or modify that item of information, as appropriate, based on the results
of the reinvestigation; and
(ii) promptly notify the furnisher of that information that the information
has been modified or deleted from the file of the consumer.