Credit Repair Houston Texas
Credit Repair Houston Texas is credit repair, which many times require requests for validation to original creditors, debt collectors and credit reporting agencies. Consumer protection legislation provides remedies when agencies are reporting information about you to others that is inaccurate and unverifiable.
An effective request for validation is custom designed; in general a different approach is taken with a original creditor and debt collector versus the credit reporting agency. The decision is based upon the nature and circumstance of the information being reported while considering the goal and timeframe.
When contacting the creditor, on a reasonable basis, a request for debt validation is made. At this stage, depending upon the nature and circumstance of the credit reporting, the request letter may or may not dispute the underlying debt. The creditor has an obligation to validate the debt. Non-compliance with the request letter for validation can trigger additional, escalated, options available in the credit repair process. The bottom line here, when it can be shown a creditor has reasonable cause to believe information reported is inaccurate, information available to them that would cause a reasonable person to have substantial doubts about the accuracy of the information, then they are in clear violation of legislation congress has established in order to protect consumers.
When contacting the credit reporting agency a request for investigation is made based on a reasonable basis. In general, the credit reporting agency is required to reinvestigate, conduct a reasonable investigation, which includes, questioning the creditor and triggers a requirement of the creditor to conduct an investigation. Importantly the creditor can not simply re-report the same information back to the credit reporting agency. In fact, they must conduct a real investigation.
Finally, it is true the credit reporting agencies are reporting to their clients what other agencies are saying about you under your name and social security number. They are private companies and operate in a multi-billion dollar for-profit marketplace. For there to be reasonable outcomes credit reporting and credit repair require all parties to operate reasonably and in good faith. If you have questions about what they are saying or have questions about the process give us a call.
