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It is absolutely true that you (the consumer) can dispute credit report information on your credit reports by yourself.  However, keep in mind, this process can take a lot of time if you don’t know what you’re doing. If you don’t really know how to dispute or what to say then you will have to do research and spend your time learning how to do disputes yourself.  If you are not familiar with credit reports and how to read them, then you may have to research what everything reporting on your credit report means.  You will want to make sure you send the letters to the correct places; you will want to make sure you include all of the correct information, and believe it or not you will have to make sure you say the right thing.  Depending on how you dispute something or what you say about it, the Credit Bureaus may consider the dispute Frivolous and not investigate.  If you did get everything above right, then your dispute is off and running and hopefully within the next 60 days you will hear something back.  There is a saying in the credit repair industry that disputing is easy, getting results is hard.  Very true. 

Remember that there are three separate “for profit” Credit Bureaus, so whatever you did  to dispute you will have to do multiple times.  Make sure that whatever accounts you are disputing are on all three reports.  Because the information can be very different from one bureau to the next, you may need to process a different dispute for each one.  Then if you decide to dispute directly with any creditors you will have to research that as well.

Now, why would you want to do all of that research and hard work listed above, when you can just hire a Credit Repair company to do all of that for you?  The reason people say you don’t have to hire a credit repair company is because it is something that as a consumer you can do yourself.   But that’s not the only reason.  About 10-15 years ago there were a lot of fly by night rip off credit repair companies.  Many consumers were damaged and the industry overall was portrayed as one of fraud and scams.  Over the years, the industry has gotten stronger with the participation of legitimate services attempting to make this process easier and less frustrating fro the consumer.  While you can do this by yourself, like most things in life, you may not want to when a specialist in credit repair can do it for you for a very low price.  And as for fly by night companies, there are still some around but a lot of them have been weeded out by Attorney General’s offices, the BBB, the FTC and by new laws and regulations.  Always check BBB reports before selecting a company.  Consider a qualified company like Ovation Credit, which was founded by and managed by attorneys.  Beacuse there are qualified companies out there, you may want to stay away from the less qualified entities. 

People hire credit repair companies (Ovation Credit, for instance) because they do not have the time to work on their credit themselves.  They do not know how to effectively dispute without doing a bunch of research.  As a result, consumers do not usually get the same type of results when disputing as qualified credit repair companies can get.  It can also be very frustrating for a consumer.