How to Repair Your Credit Fast – No, You Do Not Need to Be Paying the Credit Repair Company For Services
The first step in building your credit is making an effort to get it. How do you go about getting credit in this day and age?
First of all, you need to be wary of any credit repair companies who claim to be able to get you approved for a credit card or loan. Do not ever let them talk to your bank about your credit. Some of these companies make a good living by charging exorbitant fees for bad credit repair, and then, when they cannot get a hold of you, will simply disappear.
If you are thinking about repairing your credit, the first thing you need to do is get a copy of your credit report. In most cases, the first time you request your credit report from one of the major credit bureaus, the credit companies will provide a free copy of your credit report.
Once you get your credit report, there are some areas where you should send it along to a credit repair company. You should also send a letter to the credit bureaus giving them a heads up that you are trying to get a hold of your credit.
It is not a good idea to take the free credit report and dispute it all by yourself. It is very easy to miss something and end up with negative marks on your credit. Even if you make a mistake or two, you do not want to end up in the same situation that they are in now.
You do not have to worry about having no errors on your free credit report. It will always show all of the same information as the credit bureau agencies, and you may miss something here and there.
If you decide to hire a credit repair company, you should get all of your information together and make sure that the credit repair company has access to all of the credit bureaus and yours. Keep copies of your credit report for yourself and send it to the credit repair company. They should then be able to figure out how to correct the mistakes.
If you sign up for a credit monitoring service, the credit repair company should send you a report at least once a month. This will allow them to check on your credit as well.
Also, never pay for credit repair company services in full before being made whole. You should be able to stop paying the credit repair company once they have gotten rid of the mistakes on your credit.
Finally, avoid the temptation to use the credit repair company’s services on your own. Even if you pay them a retainer, and they provide you with the services you need, it is not a good idea to use them as your own private credit repair agency.
They are going to be working for you, and unless you’re very careful, they may end up using your credit against you, which would mean that you have to pay for their services again. This is something that you don’t want to happen.
You should not pay for credit repair services until you have received a free copy of your credit report. If you are satisfied with what you see on your credit report, then you can start to rebuild your credit.