Do You Need Credit Repair?

There are several ways to tell whether or not a credit repair would benefit you. Are you constantly getting turned down for loans, leases, or lines of credit? Are you unable to obtain any reasonable interest rate? If the answer to those questions is ‘yes’ then a credit repair may help you. Don’t be fooled into thinking that by hiring one of the dozens of credit repair companies that you can improve your credit score overnight. Like any debt elimination process, credit repair takes time. If you are interested in learning more just fill out our simple online form or call our toll free number so that we can connect you with a company to help repair your credit.

How to Improve Credit Score

Although there are several myths that surround exactly how to improve your credit score there is some truth to a few of them:

Myth: In order to raise your credit score all of your credit cards must have a zero balance.

Fact: Keeping low balances is important, but it does not necessarily need to be $0.00. Keeping your balances below 30% of the credit limit on each card can really help, and getting your balances below 10% is even better.

Myth: You cannot increase your credit score if you have several credit cards

Fact: Although rebuilding your credit scores is difficult to do if you have maxed out credit cards, in most cases having credit cards (and paying timely payments) will rebuild your credit score. Someone with no credit cards, for example, tends to be higher risk than someone who has managed credit cards responsibly.

Myth: Pulling your credit report lowers your credit score

Fact: There are two different ways your credit report can be pulled: a soft inquiry or a hard inquiry. A soft inquiry is typically one that you perform yourself and it does not affect your credit score. A hard inquiry is when a creditor or lender pulls your credit report to approve you for a loan and it has a very small impact on your credit score.

Help From Credit Repair Companies

If you are one of the thousands of Americans wondering how to repair credit by using a credit repair company then we are here to help. Although all credit repair companies have different specific processes there are some basics that nearly all credit repair services use. By filling out our online form or calling our toll free number we can pair you with a credit repair company that can have you on your way to better credit fast. Here are some things to expect when you start your credit repair process:

1) The credit repair companies may ask you to forward them copies of your most recent and up to date credit reports from all three of the major credit reporting agencies (Equifax, Experian, and TransUnion) which can easily be done online.

2) After reviewing your credit reports the credit repair service will then recommend how to fix your credit by highlighting which items on your credit report you should dispute. At this point they may also be able to tell you how disputing items on your report will improve credit score.

3) Once you have agreed on how to raise your credit score using the method of disputing inaccuracies the credit repair organization will contact the credit reporting agencies to challenge those items on your credit report.

When you hire a credit repair company look for these items in the contract that you sign:

• Payment terms for services, including their total cost.
• A detailed description of the services to be performed.
• How long it will take to achieve the results.
• Any guarantees they offer.
• The company’s name and business address.

Looking to Dispute Credit Report?

It doesn’t cost anything to dispute mistakes or outdated items on your credit report, but it does take a keen eye and a certain method. Credit repair companies can step in and handle this complex process for you and eliminate outdated information on your credit report that could be affecting your credit score. To take advantage of all your rights, both the credit reporting company and the information provider will need to be contacted.

Do you find yourself asking how to increase credit score or how to rebuild credit several times a week? Then maybe it’s time for you to call us and say “fix my credit!” We have a simple online form that you can fill out to give us some general information or you can call our toll free number if you prefer to speak with one of our representatives. We are waiting to connect you with a credit repair company in your area today!