What is credit repair?

Credit repair is a the process by which a consumer takes a proactive approach to their credit and actively seeks to increase their credit score.

What is a credit repair company?

A credit repair company is any company that advertises as its primary service the ability to help you improve your credit score. While legitimate companies will never guarantee results, the intention of their various services including but not limited to: letter writing, consultations, and credit report analysis is to improve your credit score.

Is there a difference between a credit repair company and a credit repair service?

There is no real difference between a company and service in the credit repair industry. The only distinction that is made that has any significance is the difference between a credit repair attorney or law firm and a normal company. A law firm that offers credit repair is going to have the additional checks that a state bar adds. They will also have the legal training that a law school and continuing legal education provides.

How do I know if credit repair is right for me?

The first question to ask is, “Do I have bad credit?”. “Bad credit” can mean different things to different people but if your credit situation is preventing you from getting something that you want, you should probably consider repairing your credit either by yourself or hire someone else to do it for you.

How long does credit repair take?

Every credit situation is different but for someone with significant damage to their credit, you should expect that it will take a third party service up to 12 months to repair a damaged credit file. If you are doing it yourself, it could take much longer unless you can keep yourself motivated and organized.

How do I know if I should use a credit repair company or do it myself?

Consider where your strengths and weaknesses lie. A person with lots of auto experience might be more likely to fix their own car then someone who doesn’t. Even if you know how to fix your own car, you might have more money than time. If you already know a lot about the credit system or have many hours to invest in learning the system and have a inclination towards financial subjects, you might want to consider doing it yourself. Our experience has been that most DIYers do it themselves because they want to learn something new and consider it more of a hobby. If you need quicker results and don’t want to hassle with maintaining multiple correspondences with creditors and credit bureaus, you might want to have someone else do it for you.

Credit Repair Companies Blog Posts

Credit Repair Agency Spotlight: MSI Credit Solutions

10 May 2012

If you are shopping for a credit repair agency, you have several choices. This week we take a look at one of our top-reviewed credit repair companies, MSI Credit Solutions. Who is MSI Credit Solutions? MSI …

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How To Fix Your Credit In 5 Steps

7 May 2012

When you first sit down to figure out how to fix your credit, the prospect can seem overwhelming. There are many new rules and regulations to learn if you aren’t already familiar with the way credit and credit …

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Alliance One — Protect Yourself from Harassment

26 Apr 2012

If you suddenly get a phone call from a debt collector called Alliance One trying to collect a debt they believe you owe, be on alert. This company is well-known for calling people at work, late at night, and …

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What to Expect from Ovation Credit Report Repair

24 Apr 2012

In our current economy, it’s much easier to get into financial trouble than not. Credit scores determine so much now – if you can get a home loan, how big a home you can afford, what your interest rates will be …

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Repairing Bad Credit: Getting Rid of Zombie Debt

19 Apr 2012

One of the less talked-about aspects of repairing bad credit is avoiding and getting rid of zombie debt. While the name may conjure up visions of your favorite late night horror movie, the reality is much more serious …

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