If you are suffering from a low credit score because of a bad credit report and have been considering a credit report repair service to help you increase your credit score there are some things you should be aware of. The first thing you should be aware of is that credit report repair services are not guaranteed. Any credit report repair company that claims it can erase everything negative should be avoided. Always look for a credit repair company that offers some type of money back guarantee on there services, and always read any contract completely!
The first thing you will want to do when you are trying to repair your credit is to obtain a copy of your credit report. Annualcreditreport.com is a great place to go to get a free copy of your credit report. Actually, you are permitted to obtain a free copy from them once per year. After you obtain a copy of your credit report from all 3 credit bureaus then you will want to carefully go through your credit report and check it for inaccuracies and errors. Anything you find that you do not know what it is or that is not correct you should immediately dispute with the credit reporting agencies directly. This is the fastest way to get some negative items or errors removed from your credit.
Some items on your credit report are easily repaired and can be done very quickly. However, other items may require much longer and can involve obtaining information from a multitude of sources.
Many mortgage brokers can help you with credit report repair. Mortgage brokers are familiar with tactics that can improve your credit score and are a good source to help repair your credit report.
Using a credit repair company may be the best thing for your situation, but you may be able to do it yourself as well. Talk to your mortgage professional to see how they can help you. Many brokers and loan officers have tools and information they will share with you to help you repair your credit.
There are some simple steps you can take to improve your credit on your own as well. Using a credit card with no balance for small purchase is one such simple way to improve your credit score. Making sure your credit card balances are less than 50% of your available limit is yet another simple step you can take. Call Dave Zwierecki at 888-418-4467 or email at [e-mail] for more simple ways to improve your credit rating.
While credit repair can be done on your own, please understand that is can be very time-consuming, aggravating and hard to complete without the full knowledge of a credit repair company that has been doing it for years. While credit repair companies may seem fairly expensive at times, if you consider the savings they will earn you through a much better interest rate on your home loan, auto loans, insurance rates, etc.... It very well may be worth the fee to just pay them to do it for you and save yourself all of the time and headache.