by Blake Kinsing

As a well known finance and credit guru I am commonly asked if credit repair really works. Credit repair can be an extremely effective tool if performed the right way.

Be careful who you choose because many credit repair companies collect money from consumers for credit repair services, but the services they perform are nothing more than mailing the credit bureaus simple dispute letters.

Some companies perform only a few basic disputes, for example it might be disputed that the consumer was never late on an account. The hope and intent is that the creditor will not reply to the dispute and the item will be deleted off the credit report. These types of disputes depend on human error to be effective.

Over the last few years the credit bureaus have wised up to these credit repair methods. To counter, the credit bureaus now use sophisticated computer systems named E-Oscar and OCR.

The credit bureaus E-Oscar and OCR computers sniff out letters which appear to come from credit companies and then automatically respond to those disputes calling them frivolous. The credit bureaus E-Oscar computer then electronically processes the dispute nearly eliminating human error.

The credit bureaus E-Oscar computer now renders these older types of disputes minimally effective. Some negative items will get removed to only be put back on the report a little later. Typically the only accounts that will be permanently removed are old accounts which have no real effect on the credit score anyway.

BUT, all hope is not lost

TRUE credit repair is actually very effective, but it also is time consuming. Accounts have to be disputed to the credit bureaus in a mythological manner and the most effective disputes are done direct with the creditor themselves.

There are hundreds of laws designed to protect consumers such as FACTA, HIPPA , The Fair Credit Billing Act, The Fair Debt Collection Practices Act, and many more laws which can be used to get your negative credit items permanently deleted.

Many creditors blatantly violate multiple state and Federal laws with the hopes that you do not challenge them.

Most people do not possess the legal knowledge to defend themselves. You would have to spend endless time learning all of the hundreds of consumer protection laws to know enough to challenge your creditors successfully on your own.

But, using these creditor Federal law violations as leverage to force the creditor to delete the negative items is a VERY effective tactic to use to repair your credit. Credit companies who use this tactic and participate in direct creditor disputing typically see deletion rates of 70% or higher.

The drawback is in order to effectively dispute and delete your negative accounts, you will spend countless hours learning how to dispute and delete your negative credit items. Or you can find a highly recommended professional company to do it for you instead. But make sure you find a reputable company.

There are only a few truly 100% legal credit repair companies in the United States. One of the largest and best companies who produce the fastest results is Elite Credit out of the Tampa Bay area in Florida (www.perfectcreditfast.com.) I have personally seen their credit results, and even I am impressed. You will not find better or stronger results at such an affordable price anywhere.

Or you can visit online credit forums and start learning how to try to fix your credit your own. Whatever you decide to do, do not decide to do NOTHING at all when it comes to your credit. Credit issues are estimated to cost an individual consumer over $1,000,000 over a 30 year time period.

Strong dispute methods should remove over 70% of your negative items, and this could be the difference between you just struggling living paycheck to paycheck or living the life of your dreams.

Get started today with fixing your own credit, or hire a professional. Whichever you chose get started now on rebuilding your credit profile and your financial security.