Review of How Can You Repair Your Credit?

I thought this Knol was ok. And, I would have to agree with the basics that Ms Brazeau presented but this article doesn't address it's concerns to the three major causes of bankruptcy: divorce, major illness and job lay off. So some of the advice reads as if someone has steady, good income and just needs a plan to pay off all debts.
Unfortunately, life doesn't always work that way.

Secondly, the dispute process, while generally accurate as described here doesn't mention the problems inherent with the credit reporting agencies which are spiraling out of control. And, that is, off shore automated dispute reviews. In essence, the bureaus are not reviewing disputes in the spirit of the law but are just nosing in under the wire of performing to the letter of the law, i.e. the Fair Credit Reporting Act.

Consequently, the average consumer is getting information validated by an automated system that is paid $.25 per inquiry and then should the file or item be in error, the bureau is pointing their finger at the furnisher of the information as the cause for the inaccuracies. So, in reality, no one is actually looking at the file and providing the type of investigation with which the law as intended to produce. The benefit to the bureaus is that the cost of the dispute is lowered and people with poor credit make them more profit due to their efforts to secure more credit results in them providing, and therefore charging for, more credit reports.  So, simply disputing an item, even with Certified Mail, is not necessarily the cure for negative items on your credit report it once was.

Finally, the section pertaining to establishing positive credit is the most lacking in effective advice to anyone rebuilding their lives and credit. It does not address the available system that is in place to place all the positive credit you want on your files, inexpensively, using secured credit.