Credit Repair Services

July 17th, 2010

There are many Credit Repair services claiming to use different techniques to repair your Credit Score and clean up your credit. some credit repair services have better methods and use innovative processes and credit repair techniques, while others are either pretending to be repairing credit or using methods that you can easily do yourself for free.

What are traditional credit repair services?

Traditional credit repair services concentrate solely on challenging negative items to improve and repair credit scores. For example, looking at the Credit Report and writing to credit bureaus or the creditors challenging the negative items on your credit report or disputing them.

Unconventional Credit Repair Service techniques

There are some credit repair services that go beyond just examining negative items on credit reports and disputing them. Unconventional credit repair services address two credit repair areas totally neglected by more conventional and traditional credit repair services. Creative credit repair services are used often by real estate investors because they need to borrow alot of money to invest in real estate.

Best kept secret of Credit repair industry: the credit database

One of the best kept secret of the Credit repair industry is that three credit bureaus have kept under cover, the existence of data base groups where everyone’s personal information is gathered and stored. The secret behind a successful credit repair and the ability to successfully delete negative credit issues lies in obtaining the copies of this personal data from these groups before disputing with the three credit bureaus.

Another secret weapon of credit repair services

Another area that is often overlooked and not address by many credit repair services is how to establish and rebuild credit to, not only Repair Credit Score, but increase credit score.

Below are some credit repair techniques used by some unconventional credit repair services. We are in no way affiliated with any companies that offer the following services. If you are thinking of signing up with one of the credit repair services using any techniques listed on this website, please do your due diligence first. If in doubt, consult your attorney. Some of the techniques for repairing credit score and increasing credit score are:

Obtaining credit line (this can be unsecured credit line). Some credit repair services offer unsecured credit line to help you repair credit score and increase credit score. This credit line comes with the credit repair service with no credit check and 100% approval. You cannot use this line of credit to purchase things, however. This credit line is there to look good on your credit report and make your credit score higher. The use of established credit or offset an existing credit card debt ratio helps repair your credit score.
Some credit repair services will report rental payments to all three credit bureaus in an effort to show them that you have good payment history. This credit repair service comes with 100% approval.
Some credit repair services will issue credit repair customers visa secured credit cards with a small annual fee such as $35 – the debt is unsecured for 1 year.
Some credit repair services will offer cash reserves account – personal and business. This also looks good on your credit report and stand a chance to increase and repair credit score.
If you already have good credit, credit repair services can possibly help you increase your credit score and have even better credit. Caution is advised when using any credit repair services.

Look at your credit report and see how your credit score could be improved

Most credit repair services will look at your credit report and analyze how things could be improve on either an immediate basis on in the future. However, not all credit repair services are reliable. You may be paying for a credit repair service that serves you no good and would have wasted your money.