Beware Of Credit Repair!
We've all seen them. "Send me 99.95 and I'll fix your credit and you can get a one million dollar credit card tomorrow." Ok so I am being a little dramatic. This article is to give you some insight into repairing your credit. It is not meant in any way to be legal advice. We will discuss several things in this article such as how credit works, paying or settling debts, credit repair companies, and establishing new credit. Before we begin I want to share a few things. I was a collector for almost 10 years until bad health forced me to leave the profession. I have also had my credit messed up by a bankruptcy after my son was hit by a car and had over ? million dollars in medical bills. Yet within 18 months I had purchased a new car, a home, had credit cards and some other accounts. So you see credit can be damaged but it can be repaired.
Before you can fix your credit report you have to know what is on it.
Some of the bureaus have an online score calculator that will allow you to see how your credit score will rise if you pay a debt off, or begin making payments. Check it out and become familiar with it. Although there are 3 credit bureaus, and in a perfect world they would all say the same thing, they may each have slightly different info. Review your reports to make sure there are no inaccurate entries.
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