Orlando,Florida (PRWEB) December 31, 2012
Kel Credit Repair provides clients with the tools to take control of their financial situation. According to the company website, http://www.kelcreditrepair.com, the credit repair company now offers consumers a complete and comprehensive section of forms for use in correspondence with credit bureaus, collection agencies, and creditors. The forms, which can be downloaded from the company web site, include sample letters and legal documents. Consumers can use these in a majority of credit scenarios, such as, removal of inaccurate information from credit reports and negotiation for debt settlement with creditors.
The need for credit restoration may be greater now more than ever. In fact, a much-cited study, June 2004, by The National Association of State Public Interest Research Groups found that nearly 79% of all credit reports contained some type of error. These range from simple name or address misspellings to more serious errors, such as reporting, late payments or repossessions, where none existed. According to Stuart K. Pratt, president of The Consumer Data Industry Association, mistakes do happen, but credit bureaus are not always at fault. “ Banks, credit card companies and other creditors that collectively send 4 billion account updates each month to the agencies share the blame for generating inaccurate information”, he states.
Under the FCRA, the Fair Credit Reporting Act, consumers are provided legal avenues with which to challenge or contest the validity of information reported by credit bureaus. Though the FCRA doesn’t require that credit reports be completely error-free, it does demand that a standard of the highest accuracy possible, be met and maintained.
Many times, it takes consumers several attempts to resolve issues with creditors, collection agencies and credit bureaus. Kel Credit Repair guides clients through the entire credit reparation process. By examining a client’s complete credit profile and the regulatory statues that pertain to their specific situation, an individual credit restoration plan can be made. The new, downloadable forms available for free, offer one more way for consumers to gain control of their financial situation and begin to build healthy credit relationships once again.