An item can be inaccurate
An item can be inaccurate for many reasons including: wrong dates, incorrect balance, it’s not your account, it’s been paid, and its wrong… it would be in your best interest to dispute every negative item on your report. the law that gives you this right was passed in 1970 and no one has ever been in any legal limbo for filling a dispute for an item they knew was accurate in the past 40 plus years.
For anybody who has ever had to endure an unpleasant phone call from a debt collection agency, you should be aware of your fdcpa protections. according to the fair debt collection practices act, a debt collector may not:
Therefore the most effective way to improve your score is by removing old derogatory listings. contrary to popular belief it is completely legal and congress passed legislation in 1970 that gives you the right to challenge the accuracy of any item on your debt collectors report. this was passed in an attempt to protect you and other consumers from the bureaus and debt collectors.
There is a $99 up front fee and then a monthly fee starting at $49 a month. often clients will use the service for about 8-12 months. at the end of the day you are looking at about $500 to use this service.
Somehow this myth has been spread through our society and couldn’t be further from the truth. congress passed the fcra which gives you the right to dispute items on your report, and this was passed to protect consumers from debt collectors and the bureaus.