Credit Repair

January 4th, 2009 |

Author: admin

What is credit repair?

Credit repair is the action of cleaning up your Credit Report, removing delinquencies, and ultimately improving your Credit Score or FICO Score.

Can credit repair be done?

Yes. Some credit repair companies do help people repair Credit Score and improve their credit reports. These credit repair companies repair credit scores by removing derogatories on your credit reports. The credit system is quite predictable and there are ways to remove certain items on your Credit Report quickly. Some of these items that can be removed from your Credit Report include late payments, delinquencies, foreclosures, and bankruptcy. However, there are many credit repair companies out there using fraudulent techniques to repair your credit and repair your Credit Score. You have to watch out for them, see How to Rebuild Credit.

How can I repair my Credit Score and Credit Report?

By removing derogatories, you will see your Credit Score go up. Your Credit Report will look healthier as a result.

How do I remove derogatories from my Credit Report?

You can remove derogatories from your Credit Report in several ways. In most cases, you can remove derogatories from your Credit Report by negotiating with your creditors and asking (nicely or harshly) to remove those items they are responsible for from your Credit Report. You can also dispute your Credit Report with the credit bureau.

If everything on my credit report is true, how can I repair my Credit Score?

If you have gone through some rough times such as foreclosure, bankruptcy, or many late payments and delinquencies, they are likely to show up on your credit report. Your Credit Score will most likely drop to a low Credit Score range. If this is the case, don't panic. There are still ways to improve your credit report and repair your Credit Score. Some people have successfully removed legitimate foreclosure and bankruptcy removed from their credit report in less than 45 days!