It's probably not as simple as calling for a pizza delivery, but you will save money. Your credit report rights The Fair Credit Reporting Act of 1970 and amendments to the law passed in 1996 give consumers the right to verify and correct information on their credit reports. The only difference is that before, the verification process had to be done within 'a reasonable amount of time,' whereas now it can take no more than 30 days. Since everything is computerized nowadays, it can usually be done quickly. Those who decide to seek assistance can expect a credit repair company to pull their credit reports and contact their creditors to verify information and provide evidence to battle errors.
Some firms go beyond error-fixing.
If the credit issuer agrees to the terms, the credit bureau has to remove the outstanding debt from the report. And a good credit repair service will be diligent in pestering the often-slow bureaucracy of credit bureaus. The Public Interest Research Group had its own members request their credit reports for a 1998 credit report survey . Twenty-two of the 155 requests were never honored, despite repeated efforts to shake them free from credit bureaus. A good credit repair service will pressure a slowpoke credit bureau, Miller says.