Legal Credit Report Repair Letters
2010
What happens if your flagged by the Credit Beuros?
Im using a credit repair service. They basically dispute everything deragotory on your credit report and try to get them deleted. Well i just recieved a letter by equifax stating that it is suspicious and fraudulent to use a credit repair service and they will no longer respond to letters sent by them. The service told me that they are legal and the credit beuro is just using it as a stall tactic. The repair service said they have a responce to that, and basically is going to send them something saying i am who i say i am. I am afraid i might be flagged by the credit beuros and from what ive been told they can ignore all requests to remove info and they dont even tell you youve been flagged. The repair service told me that the only thing 1 can do after being red flagged is to file a complaint with the FTC. How long can the credit beuros flag you for?
Credit “Repair” services as a rule are scams. Unfortunately Equifax is right. They have the right to basically ignore any request if they determine your requests to be frivolous.
You would actually be better off taking that money you have paid or will pay the “repair” service and work on cleaning up your own debt. The only thing you have done is make it a lot harder to remove legitimate mistakes if one does appear on your report. As to how long this is in effect, basically as long as they want. If this repair service sent the same disputes to TransUnion and Experian you can expect the same reaction from them.
I do find it interesting that the Credit Repair Service told you to file a complaint with the FTC. It is the FTC that has a warning about these type of companies.
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