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How do I Choose the Best Credit Repair Software?

Lainie Petersen
Lainie Petersen

If you need to improve your credit score or own a credit repair business, choosing the best credit repair software can save you time and money and increase your ability to delete negative credit information. Several companies offer credit repair software geared toward individuals and businesses. In evaluating credit repair software, it is important to consider its functionality, features, and authorship. It is also a good idea to request a free trial of the software so that you know if you are comfortable using it. Finally, be wary of advertising copy and even third-party reviews that may in fact be produced by affiliate marketers who have a vested interest in your purchase.

Each country has its own laws about disputing information on a credit report. In the United States, the United Kingdom, and many other countries, a consumer has the right to view his or her credit reports and challenge erroneous information and does not need to hire outside help, such as a lawyer, to do this. For many people, the difficulty in do-it-yourself credit repair is logistical. In some countries, there are several credit bureaus, each producing its own credit reports. Consumers must dispute errors with each of these credit bureaus and must be able to follow up with the credit bureau, and sometimes the original creditor, during the process. Simply keeping track of all of this correspondence can be daunting, leading some to hire a credit repair business or buy special software for the job.

Man holding computer
Man holding computer

The best credit repair software helps consumers or credit repair specialists keep track of the correspondence between creditors, consumers, and credit bureaus. By keeping track of the dates on which correspondence is sent and received, this software helps to ensure that disputes are addressed in a timely manner. For example, in the United States, credit bureaus typically have a limited time period during which they must verify information or delete it from the consumer's report. If the consumer or the credit repair specialist is aware of this time frame, he or she is in a better position to demand the deletion of information by proving that the credit bureau has not completed its investigation within the time allowed by law.

Good credit repair software should also provide well-written dispute and validation letters to use during the credit repair process. When considering software, ask its manufacturer about the authorship of these letters. Ideally, they should be written or approved by licensed attorneys who are familiar with credit reporting issues. In fact, it is a good idea to review credit reporting law in your area so that you can spot any problems or inconsistencies with how the software works. Never buy credit repair software unless you have a chance to try it yourself on your computer. If it isn't something you feel comfortable using or you don't like the language used in the dispute letters, try another software package until you find a good fit.

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