What is credit repair?
The aim of credit repair is to help rebuild your credit history. Even if you’re doing everything right (paying your bills, keeping balances low), it can be difficult to improve your score if there are any past delinquencies showing on your credit report. Through credit repair, you might be able to dispute the information you disagree with on your credit report.
How does credit repair work?
The three major credit bureaus are TransUnion, Equifax, and Experian. These credit bureaus are charged with cultivating information regarding your payment history. If you disagree with any of the information on your credit report, you can dispute that information with the three credit bureaus using the Fair Credit Reporting Act (FCRA). The credit bureaus are then required to open an investigation which could lead to the information being updated or removed from your report with that bureau.
Who can help me?
If this process seems intimidating or you aren’t sure where to start, you can also hire a credit repair company. There are companies like Credit Saint that will challenge the damage you disagree with, and set you up with a plan to build positive credit. The credit bureaus will then investigate the challenges received and press your creditors to defend the items placed in your history that you disagree with.
We like Credit Saint because they offer a 90-day money-back guarantee and they offer custom disputes. They also have a top rating with the Better Business Bureau.
Could you benefit from Credit Repair?
If there is negative information on your credit report that you disagree with, you may be a good candidate for credit repair. Credit Saint provides a free consultation where they can answer any questions that you may have and can help determine whether this is something that can help you reach your financial goals.