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Looking for the Best Credit Repair Company?

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Your number one guide on credit repair

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In-depth reviews of top credit repair companies

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Find the best credit repair company for your situation

Looking for the Best Credit Repair Company?

Z

Your number one guide on credit repair

Z

In-depth reviews of top credit repair companies

Z

Find the best credit repair company for your situation

What is Credit Repair?

Credit repair is the process of improving your credit score through a variety of different methods. Credit repair companies have become increasingly common in the United States due to the depth of credit reporting that has come about in the last twenty years. What many people don’t realize is that there are often components of your credit report that you can erase – doing so can drastically improve your credit score almost instantly.

Credit repair companies use the strength of their resources to pressure credit reporting agencies into removing items that shouldn’t be on your report. You can technically do this yourself, but credit reporting agencies tend not to reply to an individual as well as they do to a larger company. If you’re having trouble working with credit reporting agencies, a credit repair company might be your best option going forward. This page will give you the tools you need to choose the best credit repair service for your particular situation.

How can Credit Repair Benefit You

Your credit score is one of the most important components of your financial portfolio. It is the key to being able to attain finance at the price that you want. Your credit score has a significant impact on your ability to progress financially in your life.

Unfortunately, many people don’t realize how important their credit scores are before it’s too late. Once you start damaging it, it’s hard to get out of the hole.

For example, if you default on a loan, your credit score will take a massive hit. This means that you may not be able to get a loan in the future, but if you do the interest rate on it will be much higher. This could result in you paying more money back overtime, or even defaulting on a loan again. In addition, having a lower credit score reduces your chance of being approved for finance, but every time you are rejected for a loan it counts against your credit score – having a bad score can be a never ending cycle that costs you money.

Issues on your credit score have to be removed after seven to ten years – this is a federal law. But this may be too long of a wait for some people. Improving your score quickly will have a drastic impact on your ability to invest in your future. Whether you want to buy a house, a car, shares in a company, or an investment property, having a good credit score is the key to making sure that you can take advantage of opportunities as they come. Repairing yours can be the key to your financial freedom.

Credit Repair Pros and Cons

Credit repair has a lot of great benefits for people who are looking to improve their score quickly, but there are both pros and cons to the process. It’s important to consider both prior to making any considerable decisions.

PROS

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Quick

Credit repair is one of the quickest ways to repair your credit.

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Professional

Many credit repair companies have decades of experience helping people just like you improve their credit.

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Representation

You have someone to represent you against a larger company, it is often necessary when fighting such large credit reporting agencies.

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Credit Analysis

Most credit repair agencies will provide you with free credit analysis to help you better understand your score and how it may be able to be improved.

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Credit Monitoring

While you’re under contract with a repair company, a credit repair agency will be monitoring your credit score and insuring that no other false reporting is done on your behalf. This is especially useful for those who have had their identities stolen.

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Credit Counselling

Many credit repair companies offer credit counselling to help their clients improve their credit score in the long run. This is a great way to get some additional insight you might not have.

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Legal Expertise

Credit repair companies have the legal expertise that you won’t have should you decide to do credit repair on your own.

CONS

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Not Always Successful

Credit repair is not always successful, so you might be wasting your time if you don’t end up getting the results that you want.

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Costly

A lot credit repair companies charge quite considerable fees for their services, this can be a problem if you’re already struggling financially.

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Unethical Practices

Some credit repair companies engage in unethical practices, which can be bad for you if they’re acting on your behalf.

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Can Be Lengthy

Some credit repair companies may take months to see results, which can be much longer than needed if you’re trying to make an application for credit in the near future.

The Two Forms of Credit Repair

When people think of credit repair, they think of it as a unified process. While there are many mainstream credit repair techniques, there are actually two different disciplines of credit repair. Two forms of credit repair companies exist, and while their basic premise is the same, there are some key components that differentiate them.

Company Based Credit Repair Service

This is the most common form of credit repair company. Credit repair companies use different methods to remove certain items from your histories. They typically have staff that work with you on a case-by-case basis. They’ll sometimes charge you fees for items removed, or a monthly subscription. The best value will depend on your particular situation. These repair companies have a lot of experience working with various different reporting agencies and will have experience working with them to get items removed.

The only downside with credit repair companies is that they can sometimes act inside of grey areas. You want to make sure that you’re working with a credit repair company that respects the rules and regulations of credit repair. Remember, they’re acting on your behalf, so anything they do could come back to haunt you if it’s unethical.

Attorney Based Credit Repair Service

This is the other form of credit repair service. Attorney based credit repair services are slightly less common than company based services — sometimes they are used by company based repair services for certain tasks. They are law firms that use legal resources to get negative aspects of your credit report removed.

Attorney based repair services can sometimes come at an extra cost, and they’re not necessarily more effective than company based services. Company based services often use attorney based services if they need specific items removed. The benefit of using an attorney is that they have to adhere to legal standards imposed on them – which can make them a safer option in terms of ethical practices. If you want the strength of a legal team behind the credit repair that you need, this is probably your best option.

What Type of Items Can Be Removed?

There are a variety of reasons that items can be removed. In this section, we will discuss what items can be removed from your credit report and why.

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Misjudgments

Sometimes items end up on your report and you have no idea why. This is a product of the mass amount of data that these companies collect. If you have an item on your report that is outright false, this can be removed by providing documentation showing you never entered any agreement with the company that is filing a judgement against you.

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Expired Items

Even though items are required by law to be removed after a certain amount of time (usually seven to ten years), sometimes this doesn’t happen. A credit repair company can ensure that any expired items are removed from your report.

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Identity Theft

Identity theft is a huge problem in the United States – if you’ve had your identity stolen and your credit has been destroyed, you’ll have to prove that items on your report were committed using fraud. A credit repair company can help you prove this.

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Technicalities

Credit repair agencies are great at finding different technicalities to get certain items removed from your report. They can find problems with the way things have been reported and then use legal means to get these items removed. This is one of the most rewarding forms of credit repair.

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Inquiries

Whenever you apply for credit, an inquiry I recorded on your account – this has an impact on your credit score. Credit repair agencies are really great at getting these inquiries removed from your account.

There are also a range of other items that credit repair companies can get removed from your report, you just need to ask them about your specific case to get a better understanding of how they may be able to help you.

Improve Your Credit Score Today

See the Best Credit Repair Companies

How to Find the Best Credit Repair Company

Finding the best credit repair agency or best credit repair attorney is the key to having a positive experience. If you’re looking for credit repair companies, you need to put a lot of effort into researching each one. You want to make sure they know the best ways to repair credit. Head online and search through multiple repair agencies, you should also decide if you want to use an attorney based service or a regular repair company. After making a short list of the candidates, you should ask them the following questions to find out which service is more suitable for you:

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Do you offer a free assessment of my credit prior to starting repair services?

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What forms of items do you specialize in removing?

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Are there any items on my report that you think will be removable?

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How long does the credit repair service take?

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What ethical standards do you adhere to?

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Do you operate in my state?

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Do you remove items from all three credit reporting bodies?

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What is your average reduction?

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What is the cost of your services?

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Do you offer credit counselling?

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Do you offer credit monitoring for the duration of my services?

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Am I obligated to sign a contract?

Determining which of these questions are applicable to you is the first step in ensuring that you find the best credit repair company. You want to make sure that you ask the questions that are important to you. For example, if you don’t want to be locked in to a contract, you should ask your shortlisted companies this directly. Also make sure you always look at client feedback, any company that doesn’t have a considerable presence online is probably not worth working with.

Other Things You Can Do to Improve Your Credit

If you have contacted a credit repair company and you find that they aren’t able to improve your credit score, this doesn’t mean that you can’t do a few things to help improve your current standing. People are very unaware of how credit scores are composed, and therefore don’t have much insight into how to better improve their scores. People think that the only option is waiting for your score to improve itself, but there are some things that will help you immediately improve your score – you just have to know how to do them. Below are a few different ways that you can improve your score without using a credit repair company:

Pay Down Debt

One of the easiest ways to drastically improve your credit score quickly is to pay down current debt on your account balances. One of the major contributors to your credit score is the amount of available credit you use. This is normally heavily influenced by the balances you have on your credit cards or lines of credit. Fortunately, this component is updated once a month and doesn’t take into account past balances that you’ve had on the card.

If you pay off your balance on your credit card, the next month could see huge improvements on your score. In fact, you may be able to boost your score up to 150 points. If you feel that your credit score is being dragged along, there’s a high chance that it’s because your credit card balances are too high. Even if you pay your balance off in full every month, your closing balance is what is reported to credit reporting agencies. That’s why it’s important that you pay your balance off before the closing date of your bill cycle – this way the balance that is reported to your bank is much less than it would be if you waited until the closing date to pay it off.

Increase Available Credit

If you’re unable to pay down your debt due to current circumstances, you can still improve your credit score by increasing the available credit you have. The balances on your credit score are judged by reporting bodies by the percentage of debt that they have. This means that the more available credit you have, the less percentage you will be using.

The best way to do this is to contact your credit card provider and ask them for an increase on your limit. Once your limit is increased you will have more available credit – you can do this for all the cards or lines of credit that you currently have, even if you don’t have balance on them. You can also apply for a new credit card which would increase your available credit. The downside with this is that your credit score will take a hit if you get a new card, especially if you end up being rejected for a new card. Asking for a credit limit increase is normally the better option, although you should ask your credit card provider if they report your requests to credit reporting bodies.

Exhibit Good Behavior

This may seem like an obvious solution, but it can really have a positive impact on your credit score, especially if your score is really low. Another major component of your credit score is how often you make on time payments. If you have a really low score, there is a high chance that you’ve made some credit card payments late in the past. By beginning to exhibit good credit behavior, you’ll find that your credit score will begin to improve quite quickly. Make sure to pay all of your bills on time and avoid defaulting on any minor charges.

Wait

This many not be the solution you want to hear, but it can be practical if the circumstances are right. Most items on your credit score (even bankruptcies) have to be removed after seven to ten years. This means that after ten years there should be a completely new credit report available. If you happen to have old items on your credit report that are only a few months away from being automatically removed, waiting for them to fall off your report is a great idea if you want to save some money when you apply for finance.

Should I Do My Own Credit Repair?

The short answer to this question is no. Credit repair is a complicated process that can take an expert to do correctly. While many people have done their own credit repair in the past, it doesn’t mean that you will be as successful as them. If you have glaring issues on your credit report that are easily resolved, doing your own credit repair may be your best option. But if you have more complicated issues, or you don’t understand the process, you shouldn’t be swinging in the dark. The best credit repair agencies are often worth the investment. Below are some reasons you shouldn’t do your own credit repair:

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Reporting bodies are large and are more likely to ignore an individual than a company

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There are items on your report that you probably don’t understand

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You don’t have expertise and experience negotiating with credit reporting bodies

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You don’t understand the legal technicalities behind many items

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Some cases are too complicated to be handled individually

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You may not have a full understanding of the credit reporting industry

Credit Repair Simulators

Credit repair simulators are useful tools that can show you what may happen to your credit score if you do some simple repairs on it. You can simulate removing items, paying down debts or increasing your available balances. This is a great way to get a better idea of what kind of impact credit repair can have on your score.

Verdict

Hopefully this page has given you a comprehensive picture the best ways to repair credit through credit repair services and other means. You may want to have your credit repair done quickly, but it’s very important that you set enough time aside to make the right decisions. Rushing into any financial decisions is one of the easiest ways to create further problems for yourself. There is no single best way to repair credit, each case is different.

The best credit repair service for you will depend on the type of repair you’re looking for. Either way, you need to ask your potential companies hard hitting questions to make sure they’re the best credit repair attorney or company for you. You should also make sure to perform due diligence on their reputation – there are plenty of unethical companies operating in this industry, you need to avoid them at all costs.

Credit repair is one of the best ways to see quick improvements on your personal credit score. It is a legitimate service offered by a range of different companies in the United States. It is also a wonderful process that can help you drastically improve your standard of living. But credit repair isn’t the answer for everyone, that’s why it’s great to choose a company with a free credit consultation included in your service. You want your credit repair company to have a look at your report before beginning work, this way they have a better idea of whether they can help you or not. They should also have a money back guarantee – you shouldn’t pay for a lack of results.