Credit Repair

Credit repair involves removing inaccurate, misleading or outdated information from your credit report. Credit repair services are sometimes able to help you, when you cannot achieve results on your own. Choosing a credit repair service may involve a little investigative work on your part, but it is well worth the trouble.

An internet search for credit repair services will yield thousands of results. You may not know where to begin. First, you must decide what type of help you actually need. If you are having trouble paying your bills and feel you are close to bankruptcy, a new law requires that you receive credit counseling before you can declare bankruptcy. A credit counseling service and a credit repair service are not actually the same thing, though they may be listed side by side in a directory.

Credit repair services help consumers who are being denied credit or do not qualify for the best interest rates, because of negative information on their credit reports. If you have been denied credit or have been told that you do not qualify for the best interest rates being offered because of your “credit score”, then you are looking for a credit repair service.

The number of items on your credit report may help you choose a credit repair service. If you have multiple items that need to be removed, it makes sense to choose a credit repair service that charges a monthly rate, rather than a per item fee. It is also a good idea to look for a company that guarantees results and spells that guarantee out for you, before you sign up for their services.