If your credit is less than perfect then you may have considered using the service of a credit repair service.
There are some good reputable services out there that can help you get your credit back on track. The issues arise with trying to sift through the tons of companies offering their services.
When it comes to credit repair services there are many shady companies and individuals that pray on desperate victims looking to fix their credit.
If you are considering this kind of service then there are some things you need to know before getting started. Read through this report and learn how to spot a credit repair scam and save yourself a bunch of time, money, and headaches.
Don"t believe the Hype – You"ve probably seen the ads claiming outstanding credit repair services offering you guaranteed solutions for your credit problems. These companies may try to entice those in dire need of credit repair. Beware of those kind of services that make promises guaranteed to fix your situation no matter how bad your circumstances may be, if only there was a magic wand to fix things, but there"s not.
Some companies will even go as far as posting phony testimonials to try and convince potential victims to spend their hard earned money on bogus services.There"s a pretty good chance that those so called testimonials are from people who probably don"t even exist.
Beware of those companies that ask for payment up front before any services are provided. Also be sure to stay clear of companies that do not provide you with any legal rights you may be entitled to and what steps you can do on your own without having to spend any money.
Do it Yourself – Don"t get caught up with fancy advertising claiming to fix your credit overnight. If it sounds to good to be true then it probably is. We"ll go over a few things in this article that you can do to get your credit score back on par. You can also do some research on your own by searching the internet and find out how to go about fixing your credit yourself.A good starting point is to request your free annual credit report and check for any errors that may be on the report.
Make sure you order your report from each of the three major credit bureaus so that you will know what each company is reporting about you. You may not realize that creditors do not have to report to Equifax, TransUnion and Experian all together, they will generally report to only one or to those that they are subscribed to.
You can get a free copy of your report if you"ve been denied credit or employment from information contained in your file.All you need to do is request the name of the credit bureau that provided the information from whomever you applied for credit or employment and get the bureau"s address and telephone number to get a free copy of your report.
Once you get your credit report make sure you look it over carefully. Your credit report is usually created based on information that your creditors have provided to them and this information is never verified for accuracy. It"s up to you to keep your credit report up to date. Check for typing errors, incomplete or inaccurate information. You have two choices if you want to contest your report. You can either use the supplied argument form that"s sent with your denial notice or
write a letter.
It is recommended to send a photocopy of your report with the errors circled to the credit bureau who supplied the report and don"t forget to include supporting documents with your dispute. Keep copies of all the forms and the date you sent your request. Normally the credit bureau will investigate the dispute in the span of thirty days after receiving your
Besides removing negative information from your credit report you can also up your credit score by adding more positive information. You can get yourself a few secured credit cards to help you re-establish a solid credit history.
Another option you can use is to ask those accounts you may have credit with to report your positive payment history with the credit bureaus. Not all creditors will automatically report to the big bureaus so asking for that extra little padding will to continually build your credit score.
Fixing your credit and raising your score may not be an overnight thing but with a little consistency you will be able to get back on the right track. Take the right route and fix your credit yourself instead of wasting time and money on expensive credit repair scams that just don"t get results.