Credit Repair Texas
Credit repair deals with credit reporting as credit scoring is increasing in importance to secure financing at reasonable interest rates. Information about you is maintained by credit reporting agencies and credit decisions are influenced by what creditors report to the credit bureaus and how it is scored. You have a right to review your credit report to see what creditors are saying about you.
A creditor has an obligation to make sure the information they are reporting about you is correct including the account number, account status, the last activity date, the payment history, the balance and the high credit limit. Creditors are not allowed to mismark accounts to make them more current than they are nor are they allowed to duplicate reporting by claiming a balanced owed for the same debt to multiple parties at the same time.
Evidence suggests credit reports are prone to errors. Errors can result in a denial of a loan application and a higher interest rates for those that are approved for credit. Credit repair starts with a review of your credit reports and credit scores and results in removal of questionable, inaccurate, unverifiable, untimely, and biased information from your credit report.