1stCreditExperts.com Credit Repair Experts helping with all your credit needs

Credit Repair can be confusing and time consuming. At this web site we explain your rights and what you can do yourself free of charge to repair your credit.

The main reason 1stCreditExperts.com exists is to assist those individuals who prefer to have someone else do the tedious work of getting your credit report accurate.

Below is a synopsis of the basics Federal Trade Commission rules for credit repair. These rules govern individuals and credit repair companies. Please take the time to read these rules. The Federal Government has outlined what options are available to individuals and what a credit repair organization may or may not accomplish. At 1stCreditExperts.com you will not be given false promises or unrealistic claims.

	Your Rights and the Law
1.	You are entitled to a free report if a company takes adverse action against you, like denying your application for credit, insurance, or employment, and you ask for your report within 60 days of receiving notice of the action.
2.	Each of the nationwide consumer reporting companies, Equifax, Experian, and TransUnion are required to provide you with a free copy of your credit report, at your request, once every 12 months.
3.	You can dispute mistakes or outdated items for free. Under the FCRA, both the consumer reporting company and the information provider (that is, the person, company, or organization that provides information about you to a consumer reporting company) are responsible for correcting inaccurate or incomplete information in your report. To take advantage of all your rights under this law, contact the consumer reporting company and the information provider.
4.	By law, all credit repair organizations must give you a copy of the "Consumer Credit File Rights Under State and Federal Law" before you sign a contract.
5.	Three keys to improving your credit report, time, a conscious effort, and a personal debt repayment plan will improve your credit report.
6.	The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost. According to the Fair Credit Reporting Act (FCRA).

Following Items are Warning Signs of things you should not attempt - Penalties are Severe

1.	Any company suggesting you try to invent a “new” credit identity and then, a new credit report by applying for an Employer Identification Number to use instead of your Social Security number.
2.	Any company that advises you to dispute all information in your credit report or take any action that seems illegal, like creating a new credit identity. If you follow illegal advice and commit fraud, you may be subject to prosecution.
3.	You could be charged and prosecuted for mail or wire fraud if you use the mail or telephone to apply for credit and provide false information. It’s a federal crime to lie on a loan or credit application, to misrepresent your Social Security number, and to obtain an Employer Identification Number from the Internal Revenue Service under false pretenses.

Important information you need to be aware of and how it affects you.

Consumer reporting company can report most negative information for 7 years and bankruptcy information for 10 years. Information about an unpaid judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer. There is no time limit on reporting: information about criminal convictions; information reported in response to your application for a job that pays more than $75,000 a year; and information reported because you’ve applied for more than $150,000 worth of credit or life insurance. There is a standard method for calculating the seven-year reporting period. Generally, the period runs from the date that the event took place.