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How To Fight Credit Bureau Disputes

The mission of this article is to help you to have a better understanding of the credit bureau dispute process. I highly recommend that you print and save this article. Once the credit bureaus get wind of this article they will do anything that they can to stop it from being distributed. The bureaus don't want you knowing the truth. Continue reading and pay close attention as I peel back the mask on these legal criminals.

If you were to believe what you read on the credit bureaus websites you would think that they exist to help the consumers. If you believe that I guess you still believe in the Easter Bunny, Santa Clause, and the Tooth Fairy.

Sure it's a noble idea to daydream that the credit bureaus care about us, and that they have our best interests at heart. A wise person once told me that you never bite the hand that feeds you. That saying also holds true with the credit bureaus, by no means whatsoever will they bite the hand that feeds them.

I think you would be shocked to know that the credit bureaus make little to know revenue by helping you. There is absolutely no benefit for them by assisting you to repair your credit. It is crucial that you remember that the credit bureau dispute process isn't their main stream of revenue and they do not have your best interest at heart. The main purpose of their organization is to collect your information and sell it to other businesses. Since you now have a basic understanding of the credit bureaus main objectives it should be clear to you that you have to take matters in your own hands. At the root of it all the credit bureaus are a business and their goal at the end of the day is to make a profit.

Let's build on what we have learned so far. We now know that the credit bureau's are big business, and the goal of all business is to make a profit. With that understanding take a moment to consider that if the credit bureaus where to help you they would make nothing. However selling your information to other businesses they make boat loads of cash. The bottom line is it's all about the money and you are the one that ends up loosing out if you don't understand how things work.

The credit repair battle is fought on two fronts simultaneously. The first front is the battle for establishing new lines of credit. This is a pretty easy battle and can be won rather quickly. The second front is paper battle that is fought via credit bureau disputes. This is a series of written letters that you use to dispute your claims. Although this process may seem a little grim from the onset there is a little light at the end of the tunnel. There are a few laws in place that will force the credit bureaus to meet certain guide lines.

After mailing out your letters of disputes the credit bureaus have 30 days to investigate and respond to your allegations. If they fail to respond by law they have to remove any accusations that you have disputed.

During the credit dispute process many people will try to shortcut by using a template that they have found on the Internet. Big mistakes the credit bureaus know this is a template and they have an arsenal of tricks that they will use that will do you more harm than good. For example once they realize it is a template they may try to call you and ask you a few questions regarding your claims.

On the outside this may seem like a harmless call. In reality this call is done to reset the clock on the 30 day's that they have to process your claims. The best way to avoid getting caught up in the bureaus games is to not communicate with them at all once you have filed your credit dispute letters. Let the 30 days elapse before you make your next move.

I hope that you have found this information to be helpful. For more detailed information regarding credit bureau disputes visit my blog. Or you can discover how I have taught hundreds of individuals just like you to win credit bureau disputes in record time themselves.