Is a credit sweep legal?

Credit sweeps are a highly publicized and touted service among credit repair companies. Unfortunately for many unsuspecting consumers looking to improve their credit, credit transfer is a fraudulent and illegal practice. There are several problems with this approach. Companies like that appear out of nowhere, claim that they have a lot of experience in carrying out so-called “credit sweeps”, they promise that all the negative elements will be removed from their report in about 45 days (some even say ridiculous things like “5 days or even “24 hours”), they take your money, possibly showing something that is see how “the negative elements have disappeared from your report, but in reality the only thing that disappears is the company and its money.

When you see that other credit repair companies guarantee fast results, be careful to copy their methods. You can file disputes directly with the credit agency that issued the report, or you can challenge any possible errors with the credit provider (the company that owns your account). I had a company that TRIED to do this for me about 18 months ago after its failed attempt to provide good results from traditional credit repair. Even if credit sweeps were totally legal, it's worth remembering that factual disputes don't carry more than one bad credit sweep (assuming you use the right tools).

But, even if credit sweeps were completely legal, it's worth noting that factual disputes don't take longer than a bad credit transfer (if the right tools are used). As we've discussed elsewhere, credit repair seems mysterious and confusing, but it doesn't have to be. Credit repair is a complex process, and if you don't take the right approach from the start, you could damage your case in the long run. Essentially, this means you can hire someone to do the work for you, reducing the time and hassle of repairing your credit.

Credit bureaus may also lack supporting documentation for everything that appears on a credit report, which is a matter of dispute. So what is a credit sweep? What is it really? Well, the term sweeps credit, it's a phrase and a marketing trick to make you believe that the process of removing all negative information at once is legal and legitimate, when in fact it isn't. And now you understand that this process is completely illegitimate and illegal, it's important that you commit right now that no matter what happens as a credit repair professional, you will never use any sweeping method. If the investigation determines that you are right, the original creditor must notify all credit reporting agencies to which you reported the misinformation so that they can correct their credit reports.

In other words, only a credit repair lawyer authorized to practice in that state is legally authorized to file disputes on your behalf. Congress approved the CROA in 1996 after consumer watchdog organizations such as the FTC found high rates of consumer abuse within the credit repair industry. This challenge will help you understand the strategy, tactics, and everything you need to succeed in credit repair.

Ada Porrini
Ada Porrini

Friendly beer advocate. Incurable coffee geek. General pop culture scholar. Incurable music lover. Wannabe beer nerd.

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