There is no doubt about it, few years now, times are tough, and America was in a financial slump for the last years and American consumers have learned this the hard way. Credit scores are now lower than ever and credit report repair seems to be the only way out.
There are plenty of "quick fixes" out there, but it is most important to chose the right way to repairing a bad credit. If you do the mistake of taking a wrong way, you could get yourself an even lower credit score.
Avoid high interest rates. High interest rates can only do worst by hiking up a monthly payment making it even more difficult for you to pay on time. You don't want to go in circles.
No matter how bad your current credit score is, you can always recover from having a bad one. Bad credit score is not permanent, but I recommend you to seek specialized help from a credit repair counselor.
Every persons credit issues are different. So when it comes to credit repair you need personalized and expert advice. The more personalized, the better.
Bad credit can happen to each of us and for many reasons. The smartest thing to do is to seek help, now!
If you are thinking of doing credit repair keep these tips in mind:
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2. When disputing negative accounts (collections, late payments, repossessions, etc.) remember that the credit bureaus must investigate and verify each account within 30 days or delete the item in dispute.
3. When challenging errors on your credit reports by mail always use use certified and return receipt mail. This will let you know if and when your letters were delivered to the credit bureaus.
4. Do not get discouraged when doing credit repair. If the credit bureaus are able to verify that the accounts you are disputing with them are in fact yours continue disputing them every 30 days. People have found that a prolonged amount of credit repair efforts have given them the best results.
Source: Credit Repair