Credit Repair
August 28, 2016

What Is Credit Repair?

Simple. Thrifty. Living.

With the tough financial situation our country has been in, a lot of people are talking about how to boost their credit score. One of the ways that people try to improve their credit score is through top-rated credit repair services.

Credit repair services promise to work to raise your credit score, although there is no guarantee that they will be successful. Generally, these credit repair services use the same tactics to try to raise your credit score, including filing the paperwork to fix errors on your credit report, convince your lenders to remove derogatory items from your credit report or use the law to force credit bureaus to remove derogatory information. Most services know the tricks of the trade when it comes to repairing your credit, but that doesn’t mean that they will be able to raise your credit score.

So does credit repair work? It really depends on your credit report and what you are looking for. If you have errors on your credit report, credit repair services are a good way to get those errors fixed. Most credit repair services will ask your advice on what to focus on, so if you believe you have errors on your report, ask them to focus on those.

Credit repair services can also be influential in getting derogatory items removed from your credit report, but only if they fit into certain criteria. There are laws that dictate how credit bureaus can report on your credit usage, and credit repair agencies know those laws and how to use them to get items removed. They also are good at communicating directly with your credit lenders to ask to remove derogatory items if you have a good history with the lender. Most lenders are willing to forget about an item or two if you generally pay on time.

Does it work for everyone? Definitely not. Before signing up for a credit repair service, make sure you have done your research, have picked a trusted company and have a game plan on how you want them to approach the situation.

If you are really worried about being scammed, look for the credit repair services that offer the most comprehensive refund. Here is a list of the most trusted credit repair services out there:

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