How Long Does the Credit Repair Process Take?
Credit Repair Process
The credit repair process is a lengthy one, and the exact length of time it takes depends on several factors. However, you can speed up the process by hiring a credit repair company to do some of the work for you. They can identify errors on your report, draft dispute letters and file them with the credit bureaus on your behalf. They also help you resolve disputes with creditors and debt collectors.
Depending on how comfortable you are with credit bureau jargon, you can also take the do-it-yourself route and file your own credit dispute online through each of the three major credit reporting agencies. This option is free except for postage costs, but it may take more time.
It’s important to note that legitimate negative marks on your credit report such as late payments, charge-offs and bankruptcies will remain on your report for seven years or more unless you can get them removed early. Credit Repair Doral can help you dispute these items, but the timeline to get them resolved will be based on how quickly you can get in touch with creditors and debt collectors to negotiate and settle the accounts.
How Long Does the Credit Repair Process Take?
If you find errors on your credit report that need to be corrected, it’s important to take your time and review every detail for accuracy. Mistakes such as a misspelled name or an outdated address can have a big impact on your credit score. In addition, you’ll want to pay your bills on time and keep your credit card balances low.
In most cases, it will take about three to six months or more to completely resolve all the items on your credit report that need to be fixed. This is especially true if you have a lot of mistakes to dispute. Some things aren’t eligible for removal from your report such as public records, collection accounts and criminal convictions. Disputed items such as these will be re-reviewed by the credit bureaus, and you may need to provide additional documentation if necessary.
Credit repair firms will be able to help you with these types of disputes and are likely to speed up the process because they have experience dealing with these issues on behalf of consumers. They will be able to identify the information that needs to be disputed, contact the credit bureaus and debt collectors on your behalf and make sure the information is updated and accurate.
Some credit repair firms will also offer a fast track to credit repair that can be completed within 24 hours. However, the fast track is not available to everyone and it’s best if you are comfortable with the credit bureau and debt collector jargon before attempting this option. If not, it’s always best to leave this to a reputable firm that can offer you a free consultation and then handle steps 1-4 for you. They will keep you informed of their progress and any additional information or documentation they need as the process continues.