Credit repair software allows consumers to fix inaccurate information and errors on their credit reports quickly and easily to improve their Credit rating. The software provides users with a platform to easily dispute inaccurate information with the credit reporting agencies. The program also helps the consumer to understand their Credit rating and improve it. The program provides the users with a simple step-by-step guide to help them repair their credit.
Users are provided with three main options. They can choose to manually dispute each negative item individually or they can select to enroll in a credit repair package Credit Inqury offered by the credit bureaus. In most cases the customers get better results using the latter option. However, it is important to note that many users actually end up paying more to the credit bureaus as a result of these efforts.
The process of credit repair using the software is relatively easy and simple. It requires an individual to first download and install the software. The user should then go through all the documents provided by the credit repair organizations. These documents usually include certain instructions and logos. Once the user has read and understood the instructions contained in the document, he or she should go ahead and mark any incorrect information.
The next step involves contacting the credit repair company and discussing the situation with them. The company will ask the user to prepare a written statement describing the inaccurate item and the reason for it. The next step involves sending the dispute letter to the company together with the supporting documents. However, if the company finds that the information provided by the consumer is inaccurate or wrongly constructed, it may have an automatic response from the bureaus stating that the information needs to be corrected.
A complete credit score may not be generated once the dispute has been sent. However, it may be possible to get a free credit score after a short period. This will be done after the repair has been done successfully. If the consumer wants to get a copy of the credit score after some time, he or she may want to opt for the’real’ report that comes directly from the bureau.
A full account is not necessarily negative. It all depends on how the bureau classifies the matter. A good example would be a late payment. A late payment that was reported to the agency may lead to negative remarks but a late payment that was not reported could lead to a positive credit score unless the account is reported incorrectly. There are also many cases where the repairing agencies themselves classify the negative cases as false negative accounts.