Credit repair is the process of fixing poor credit standing that may have deteriorated for a variety of different reasons. Repairing credit standing may be as simple as disputing mistakes information with the credit agencies. Identity theft and the damage incurred may require extensive credit repair work.
Another form of credit repair is to deal with fundamental financial issues, such as budgeting, and begin to address legitimate concerns on the part of lenders. Individuals are entitled to free credit reports every 12 months from credit reporting agencies, as well as when an adverse action is taken against them, such as being denied credit based on information in the report.
Disputes may be filed when incomplete or inaccurate information appears on their credit reports. Aside from correcting such information, or catching fraudulent transactions on one’s credit, rebuilding and repairing credit can rest more heavily on credit usage and credit activity. The payment history of the individual can be a significant factor in their credit standing.
Taking steps to make sure payments are up to date or improve the payment schedule for outstanding credit can beneficially affect their credit score. Furthermore, the amount of credit used by the individual can also play a role. For instance, if an individual is actively using large portions of the credit available to them, even if they are maintaining minimum payments on time, the size of the debt they are carrying can negatively affect their credit rating. The issue is that their liquidity may be pressured by the overall debt against them. By taking measures to reduce their overall debt load, they may see improvements to their credit profile.
Over 40 million Americans have an error on their credit repair reports, are you one of them?
As leaders in credit repair, we can help address and remove credit report errors. We not only attack and remove all errors reported but block from them from ever reappearing on your credit life. The process takes us an average of 30 - 60 days to complete. We can help remove an inaccurate, obsolete, and unverifiable items on your credit report such as:
We will work with you step by step to help you elevate yourself to the highest plateau possible!