A credit repair company that I am working with as assured me that they can get my records of late payments off my credit report in order to raise my credit score. Is that legal, can they really do that, even though I made the payments late?
Can a Credit Repair Company Legally Remove Reports of Late Payments?
Talk to a Bankruptcy Attorney
Enter Your Zip Code to Connect with a Lawyer Serving Your Area
Enter Your Zip Code to Connect with a Lawyer Serving Your Area
Related Ads
Question:
This article is provided for informational purposes only. If you need legal advice or representation,
click here to have an attorney review your case .
click here to have an attorney review your case .
Get Informed About Bankruptcy Law
Popular Topics
Chapter 7 Bankruptcy - Learn about the most common type of Bankruptcy.
Chapter 13 Bankruptcy - Options for homeowners and filers with high income.
Process of a Bankruptcy Case - Find out what's involved in filing a bankruptcy case.
Property and Exemptions in Bankruptcy - Find out how your property is (or is not) protected.
Your Home in Bankruptcy - If you're a homeowner, find out what happens to your house.
Your Car in Bankruptcy - Learn about your options to keep (or surrender) your car.
Using a Bankruptcy Lawyer - Find out if you need a lawyer and how to pick a good one.
Chapter 13 Bankruptcy - Options for homeowners and filers with high income.
Process of a Bankruptcy Case - Find out what's involved in filing a bankruptcy case.
Property and Exemptions in Bankruptcy - Find out how your property is (or is not) protected.
Your Home in Bankruptcy - If you're a homeowner, find out what happens to your house.
Your Car in Bankruptcy - Learn about your options to keep (or surrender) your car.
Using a Bankruptcy Lawyer - Find out if you need a lawyer and how to pick a good one.
Get Professional Legal Help
The content of this website is provided for informational purposes only, and should not be construed as legal advice. Always consult with an attorney regarding any legal issues. If you live in Alabama, Florida, Missouri, New York or Wyoming, please click here for additional information.
Recent Articles | Terms and Conditions | Privacy Policy | Site Map Copyright © 2012 ExpertHub.com. All rights reserved.
LA-WS5:0.9.17.120126.12696+
Answer: (1)
It is difficult to provide a conclusive answer to your question without knowing the full details of the situation. However, accurate information on a credit report is very difficult to remove. A credit repair company may be able to negotiate a settlement with creditors, in which creditors stop reporting late payments in exchange for partial or full payment of debt, but this is far from a certainty. Although it is legal for creditors to not report late payments, it may not be legal for the credit repair agency to “assure” you that they will remove this data from your report.
You should speak with a qualified bankruptcy and/or credit repair attorney as soon as possible regarding the actions of the credit repair company and the claims they are making, in order to ensure that you are protected.
References:
Posted by Christy Rakoczy on 22 Jan 2010