What are the Limits of Legal Credit Repair Services?

Legal credit repair services are designed to provide debtors with a way to address their outstanding debt obligations and remove errors and mistakes that appear on their credit reports. Legal credit repair services work within the confines of the Fair Credit Reporting Act and other laws to help debtors address their situation and seek relief through reorganization and restructuring of debt.

Limits on Legal Credit Repair Services

A legal credit repair service will assist a consumer with the process of removing credit report errors, including preparing a rapid rescore request to remove an error. The work done by a legal credit repair service is limited to the removal of errors only. Legitimate items such as foreclosures, bankruptcies, late payments, etc. must remain on an individual consumer’s credit report for up to the legally allowable period, which may be 7 to 10 years.

The Purpose of Legal Limits

The limits that legal credit repair services follow are designed to protect consumers and lenders.  They protect consumers by ensuring that a person’s credit standing may be restored after a certain period has passed.  It helps creditors by providing the information necessary for them to underwrite the risk associated with offering credit terms to certain individuals.

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