Many people want to know how they can fix their credit score, and it is quickly becoming something that many consumers are looking for information on. Unemployment rates are at an all time high and many people lost their jobs and that resulted in them losing their homes to foreclosure. If their credit cards were not paid and charged off, and their cars were repossessed then their credit score was destroyed. All of these unfortunate situations negatively impacted the credit reports and scores of millions of Americans throughout the United States. Now that many are bouncing back after regaining employment, it is the perfect time to find out what kind of help is available for those that are ready to fix the credit reports and regain their financial stability and purchasing power.
While researching how to fix your score, one will see that there are two options available. You can attempt credit repair on your own or turn to a professional credit repair company to handle the process for you. Anyone can attempt the process on their own, but it requires a lot of time as well as extensive knowledge and understanding of the Fair Credit Reporting Act (FCRA) as well as the Fair Debt Collection Practices Act (FDCPA). One could take the time to study these Act’s and attempt the credit repair process on their own, but knowing how to repair your score takes more then just a little bit of research. Nothing beats actual experience of a CRO (Credit Repair Organization).
One reason professional credit repair companies know how to repair your credit rating so well, is because of the extensive experience they have in dealing with the three credit bureaus on a daily basis (Trans Union, Experian, and Equifax). Credit repair laws, strategies and tactics change on a regular basis, and hiring a credit repair company that is up to speed on the current trends in the industry will be able to produce much better results for you. Would you rather trust a 5 year old manual that is being sold online with out of date information, or a credit repair company that deals with situations like yours on a daily basis? There are a lot of bad credit repair companies, so you will want to do a lot of research prior to selecting a company to work with. Do not just sign up for the first company that you come into contact with. There are a lot of credit repair review sites that provide detailed reviews and information about all of the popular companies.
Never trust a company that says they will delete ALL of your negative score. No company can make such an outrageous claim and the companies that use this type of marketing are only concerned with taking your money and not really helping you. There are also some debt settlement companies that also offer credit repair help but these companies should be avoided. More information on debt relief can be found HERE. Look for a local company that has a physical office that you can sit down in and discuss your situation with in person. Many companies do not operate in a legal manner, so do not be afraid to ask a lot of questions before choosing a credit repair company to help you.