Credit Repair

What’s Credit Repair All About?

ou might be wondering exactly what credit repair is and why it can be important. Credit repair is the process of correcting inaccurate information on someone’s credit report.

You have no doubt seen the ads on television or the internet promising to clean up your credit quickly and easily — but don’t fall into the credit repair trap! While many individuals with poor credit are lured into the idea of an easy fix with credit repair services, it should be noted that many of the promises made by credit repair companies are misleading or deceptive.

Consumers should be aware of any credit repair service that make claims that they can successfully remove all derogatory marks from your credit, including collection accounts, bankruptcies, judgements, and tax liens. While it is possible to correct a person’s credit and eliminate negative marks against credit, it is not an easy fix or immediate process.

Credit repair is a diligent process and takes time and effort along with sticking to a budgeting plan moving forward.

An individual considering credit repair and researching services should pay close attention to the following warning signs which could be a red flag that the business you are considering may be unethical, not reputable, offering you false hope, or even flat out lying. Some warning signs to look out for include:

Someone telling you that all negative marks on your credit can be removed quickly and easily, including any current information that is correct.
Credit Repair companies who tell you that even accurate information can be disputed and removed.
Any service where you aren’t told in detail what your credit reporting rights are under the Fair Credit Reporting Act (FCRA), or anyone who says you cannot attempt to repair your credit using your own hard work and due diligence.
Services that tell you that you should not attempt to engage in contact with the three major credit reporting agencies.
Being told that you can create a new credit identity for yourself by applying for and using an Employee Identification Number as an alternative to your social security number.

This advice is not only illegal and unethical but can cause significant legal troubles. What consumers should understand is that the credit repair process, when done properly, allows consumers, or a debt relief attorney retained on behalf of the consumer, to investigate inaccuracies on your credit report and dispute them. Information affecting a consumer’s credit that is inaccurate can be disputed, and the consumer’s credit score will improve after investigation and deletion or correction of the trade line.

Bankruptcy’s Disadvantage on Credit

One of the most common examples of inaccurate reporting is after a consumer has filed for bankruptcy and received a discharge. Creditors that have had their debts discharged are required to report the debt as “discharged in bankruptcy” and report a zero balance owed to all three of the major consumer credit reporting bureaus. Unfortunately, creditors don’t always do this which leaves negative marks on a consumer’s credit and ultimately hurts efforts to rebuild and reestablish a good credit history moving forward.

We recommend that If you have not pulled your credit in the past year, you should do so to ensure there is no improper reporting on your credit report. Mistakes on your credit report could cost you thousands of dollars in increased interest rates or denial of credit. If you believe that your credit report contains inaccurate or false information, contact the Larkin Law Firm to speak with credit repair attorney Jeffrey D. Larkin.  Mr. Larkin can provide you with the best possible service and advice for restoring order to your credit reports.



The Larkin Law Firm is a debt relief agency. In addition to other debt relief services provided, we help individuals and businesses file for bankruptcy protection under the Bankruptcy Code.

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