|A credit report is a powerful piece of paper. Lenders look at it closely when deciding whether or not to give you a loan. Insurance companies can use it to determine your rates or whether they will cover you at all. Employers can access it and use it as a factor in offering you a job or promotion. With that much significance placed on your credit report, it is absolutely essential that the information it contains paints you in a good light.|
Repairing your credit yourself saves you money
According to the Fair Credit Reporting Act, consumers can dispute mistakes in their credit report for free. It can be a little time consuming to pull your report, document the error, type up a letter and send it in, so many people hire credit repair agencies to do the boring work for them. There is no real reason, other than the issue of time, to pour out money for work that you can easily do yourself.
There are no secret tricks to credit repair
Donít be fooled into thinking that you donít have the knowledge to clean up your credit report and that a credit repair agency knows a bunch of angles that have eluded you. Everything you need to know in order to fix errors on your credit report is readily available and there is nothing in the process that is required to be done by a third party or professional agency that specializes in credit repair.
Keep yourself from getting scammed
Donít fall for the ads that claim an agency can erase bad credit from your report. The only thing by law that can be changed on a credit report is inaccurate information. If you have had a bankruptcy, the only thing that will legally remove it from your credit report is time.
Credit repair agencies charge anywhere from $400 to $2000 for their services and the reality is they are not doing anything that you canít do for yourself. For $30 you can obtain a credit report that lists your history with all three credit bureaus. The rest of the investment in cleaning up your credit report is in the value of the time it requires.
About the Author:
Visit http://www.abcloanguide.com/freecreditreport.shtml for a list of credit report agencies. View our recommended sources for a free instant credit report.
7 Surefire Ways To Repair Bad Credit
Do you have a poor credit rating? If so, you are one of tens of thousands of Americans with the same problem. In fact, it seems that this has become a national Ďdisease.í And just what do people need that have a disease? They need a cure. Here...
Your Own Credit Repair Business
Your Own Credit Repair Business
If you are considering starting your own credit repair business,
or you already own your own credit repair business, you mat have
played with the idea of purchasing credit repair leads.
Having your own...
DIY Credit Repair Tips
While many people believe that getting their bad credit repaired can only be done through a professional agency, this is simply not true. By going to a credit agency, you might find that it takes a great deal more time and money than if you just...
A Credit Repair Book - Get One Right Here
A good credit repair book will provide you with many tips and
secrets about how to repair your credit and improve your credit
score. Credit repair is not an intuitive subject. There is no
need to pay for a credit report or pay someone to give...
The Importance of Repairing Your Credit ReportÖÖ.Yourself!
It seems to be common knowledge today that we are living in a society overwhelmed with debt. Credit card balances are hitting all time highs and in return, people are running into more and more problems with their credit ratings. These...