How Credit Repair Works
Credit Report Repair – An Ingenious Technicality
Although the FCRA (Fair Credit Reporting Act) does not specifically say that the credit bureaus must back up what they report about you with actual documentation, it does say that they do have to be able to prove what they report. In other words, they got the information about you from somewhere, so somewhere there must be proof.
Here is the technicality, the credit bureaus never really see the actual documents. They accept third party proof from creditors. So what if that third party proof is inaccurate, was never actually verified or just flat wrong. The credit bureaus would never know. Ouch!!
That is why the courts have demanded that the credit bureaus go much further in their investigation then accepting the word of a third party. To make their point, the US Courts have fined the credit bureaus nearly one billion dollars for this very big technicality.
You can feel confident that credit report repair works, whether you do it yourself or hire a credit repair company.