Credit Repair Guide Summary

Improving your Credit Score does take some effort and time. But if you follow the recommendations we provided you should be able to improve your credit score. The information provided is based on advice from other people who have had the same challenge you may face in credit repair. We also had several knowledgeable professionals in the credit industry review this information for accuracy on credit repair methods.

The credit bureaus are overwhelmed by the amount of data, number of individuals to track, and vendors who request and report credit information. And then there's the profit motivation by the three major Credit Bureaus, Experian, Trans Union, and Equifax. They invent new ways to sell credit information.

The credit system has become quite a nightmare for many people. Some of it is a result of vendors using credit as a sales vehicle (like car sales people wanting you to just look at the monthly payment rather than the total amount or the details). Some of it is by the credit card companies bombarding consumers with offers of what appears to be low interest cash advances or special deals. But if you are late on one payment, these companies have the ability to raise your low 9% interest rate to a whopping 28%.

To be fair, the consumer has to buy in on these deals and should share some of the blame. But there are way too many predatory credit card and other vendors who prey on people’s lack of experience.

Many consumers have never seen their credit report. They have no idea of what their rights are or how to file a credit report dispute letter. This adds to the huge impact of inaccurate credit reports and as a result, low credit scores.

If you feel you have a serious problem, you should seek some kind of credit counseling. We do not recommend any one who charges a fee (they say they are non-profit and they are by a strict definition but that just may mean that they payout all the excess revenue to solicitors or “councilors”). Some offer to consolidate your debts and that can be a step in the right direction but it also can just add to your troubles.

A good place to check for real credit repair help is your local church or county government offices. These organizations have your best interest at heart and can provide some support if you need it. They have no vested interest (they don’t make any money off of any decision you make) and can provide some good advice.

It usually takes a dedicated effort to work yourself out of debt but the good news is that you can do it. But you have to manage your credit just like any other responsibility. The final decision to take on additional debt is yours. Exercise caution in any transaction and make sure you fully understand the terms of any contract.

We hope this information has been of some benefit and will help you improve your Credit Score. We have four other guides in progress, one on Identify Theft, Home Mortgages, Credit Card Fraud, and Car Financing. We hope to have all out later in this year so check back often.