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Credit Repair is the process of ‘fixing’ a bad credit report that is broken, damaged, or inaccurate.
In actuality, credit repair may involve a variety of methods, to address a variety of problems, utilizing a variety of moral and legal tools, including federal statutes and federal laws designed to protect the consumer at large.
Credit Repair may involve something as simple as correcting the spelling of your name to challenging the validity of a reported trade line.
Credit Repair also may require a good understanding of several federal laws, including, but not limited to:
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Fair Credit Billing Act (FCBA)
https://www.ftc.gov/enforcement/statutes/fair-debt-collection-practices-act -
Fair Credit Reporting Act (FCRA) https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-credit-reporting-act
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Fair Debt Collection Practices Act (FDCPA) https://www.ftc.gov/enforcement/statutes/fair-debt-collection-practices-act
and so on…
There are many federal statutes and laws that are designed to protect every American Consumer and a good understanding of these documents can go a long way, to not only help someone to repair a damaged credit report, but also to avoid getting scammed.
Goodwill Credit can help turn your bad credit into good credit and make your good credit even better. SUBSCRIBE NOW.
