What Is Credit Repair?
A credit repair is a process where a person or business improves their ability to borrow money and aims for a good score on their credit by correcting wrong information in their credit report, using their credit responsibly and repaying their amount of debt more quickly.
For the most effective credit repair it is good to hire a professional licensed and bonded credit repair company.
How To Fix Bad Credit
By utilizing credit fix strategies such as paying obligations on schedule, negotiating with loan specialists for improved loaning terms, or negotiating your payment obligation to make financing costs reasonable, a borrower can improve their FICO score, this will result in making it easier to pay debt and the possibility getting approved with better payment obligation terms in the future.
Also, removing inaccurate, unverifiable, erroneous, incomplete, non-compliant data from the credit reports will help fix bad credit.
35% of your credit score is paying all of your bills on time. That is the biggest step towards obtaining good credit. Paying your bills 30 days late destroys your credit. Try to pay for everything before the due date.
The average client stays with us for 3-6 months. Some cases require less, some require more. When we file a dispute, creditors and credit bureaus have to complete an investigation within 30 days âa couple of special cases can stretch this out to 45 days. This is done in rounds of disputes, some files may take 2-3 rounds to get cleaned up, some may take 4-5 rounds. â
When you are looking for credit repair services to help fix your bad credit, it is best to ask what the previous clients have experienced from the past but remember each credit file will be different.
Credit repair companies analyze your credit report line by line and examine every detail of each account that is on your credit report.
âThen we challenge any inaccurate, unverifiable, erroneous, incomplete, non-compliant data from the credit reports with the credit bureaus and creditors. They also provide advice and tips to boost your score such as adding new positive credit history, paying the revolving debt down, and etc.
Rachel Gibbs has perfected her craft in terms of credit and finances. She is an expert in credit restoration and financial education, leaving her clients satisfied with the results.