Credit Repair Help
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Credit Repair Solutions
Bad credit is an unfortunate challenge that many individuals and families face. A poor credit score can impact your financial status negatively which can lead to loan application rejections, high-interest rates, and many more issues. Credit repair is the process of disputing errors and mistakes that appear in your credit report. If an item on your credit score appears to be inaccurate, you can write to the credit bureau to verify the information.
Sometimes having a bad credit can be our fault, and other times, it could be an error. And if you find an error, no matter how small – you should clean them up. How do you do that? There are several ways to fix your credit score. In this article, we will discuss how you can repair your credit and monitor it to avoid going bad again.
You can choose the do-it-yourself method or seek the services of a credit repair agency. If you decide on the do-it-yourself method, you’ll have to be patient and do a lot of research in order to get it right. Alternatively, you can consult with a credit repair professional to handle all the work on your behalf. This will save you time and prevent mistakes you could have made in the do-it-yourself process.
Why seek professional help?
Credit repair can be a daunting and lengthy process, so letting a professional handle it on your behalf is a great option. If you have a severely damaged or low credit rating, seeking the services of an agency or credit professional can be extremely beneficial. This is typically priced with an initial set-up fee and subsequently, a stipulated monthly fee until the end of the process. What are your options when it comes to credit repair?
Firstly, you need to know what you are fixing. A credit report has all the information that contributes to your low or bad credit score. Your score can be impacted from high credit card balances, past due accounts, public records, or debt collections.
A good first step is to get your credit report. By law, you have a right to a free credit report from each of the three credit bureaus. There are three credit bureaus in the U.S – Equifax, Experian, and TransUnion, and they all have a copy of your credit report. You can request for it, and it will be sent to you. Once you get a hold of it, check that your name is spelled correctly, social security number, address, and credit history.
Review the list of outstanding debts that you owe, credit cards, and major purchases. If you see any mistakes, make a copy and highlight the errors. You can then decide to dispute the errors yourself, or engage with a professional to assist.
This is when you review your credit report periodically for changes indicative of fraud and accuracy. This can be done manually or by using a monitoring service. Either way, the purpose is to quickly identify errors and protect yourself rom identity theft such as Medicare claims or illegal online purchases from credit card theft.
Since these kind of activities are performed without the knowledge of the victim, it is almost very difficult to detect until after the act. By that time, the individual’s credit has been affected.
With the recent innovation in technology, monitoring your credit has become an integral part of a person’s life. You can decide to use a credit monitoring service or monitor your credit yourself.
This involves subscribing to a credit monitoring service that helps you track your credit report and credit scores. Most people use them to guard against identity theft. Credit monitoring services monitor your credit report and scores by notifying you of changes to your credit activity. What you get is dependent on the various subscription packages of your preferred monitoring service.
Some services provide comprehensive tracking scores. This keeps the subscribers updated on their credit standing, giving them an opportunity to plan ahead and resolve any issues which would have inhibited credit-based activities.
How it works
While a subscription service is a great idea, they only offer protection after the fact. If you are considering a monitoring service, ensure that it is a part of a broader strategy to protect and monitor your information against fraud. If you are ready to take the next step to repair or monitor your credit, simply:
1. Use our simple form to request a free evaluation
2. Debtco will connect you with an accredited credit counselor
3. They will evaluate your unique situation and help to identify and review the best solutions for you.