DIY simply stands for do-it-yourself credit repair. Most people believe that there is not much they can do about a bad credit rating, which is simply not the case. The problem boils down to awareness…Credit is more important than ever before but yet there is still very little education on the subject.
Each creditor is able to place information on your report, good or bad by forwarding the information to any of the three main credit bureaus, Equifax, Transunion and Experian. This usually takes place without any action on your part, which is where the problem comes in.
The bureaus put all their trust in the creditor also known as “information furnisher” when collecting this information mainly because they collect on millions of consumers nationwide and simply do not have the time to check into each account entry.
The account information could be inaccurate, incomplete and in a lot of cases totally fraudulent and you would not know until you try applying for credit with a retail establishment and get turned down.
This is where do-it-yourself credit repair becomes a necessity. You need to learn how to communicate with Equifax, Transunion and Experian to make sure any data that is not verifiable is deleted from your report. This is your right according to the Credit laws.
Challenging the bureaus based on the law is the backbone of do-it-yourself credit restoration, and the only way to accomplish this is to have a good understanding of how the system works. Millions of consumers have fought this very same battle and had success with deleting negative outdated information from their credit reports.