Online Credit Repair
You might have already done a ton of research on what the best methods for restoring your credit are. In fact, there are several options and most of them are good. And to make your mind up as to how you intend on going about the process, it comes down to "what do you have more of, time or money?" If you have more time than money, then you can basically do it for free.
You see, if you have more time and you can draw your credit repair out over a year or more, then there's your answer. If you have less time and you are really wanting to get into the car or home of your dreams sooner than later, then it's probably best to contact a credit restoration company. There are several to choose from who are reputable and have been in business for several years. You want to do your homework to find out which one of these companies has a good rep and will not swindle you out of all kinds of cash.
Is credit repair legal?
Yes, but some of the companies who provide those services are not. You want to be sure that the company you're working with can tell you exactly how they plan on getting your credit fixed. They should mention things like sending dispute letters to the reporting bureaus then looking together with you on how much of your credit history contains false or outdated information. Ask the company which software they use to manage their credit restoration campaigns. There are several out there, but when they give the answer, do your research to ensure that they are using a secure website, which has an SSL certificate and the beginning of the url is https. Services like the Credit Repair Cloud is one such example of online project management for restoration.
Do it yourself credit report repair
As stated, there are a few different ways you can get started. But the basic principal is the same whether you do it yourself or hire a company like Lexington Law to do it for you. Essentially, your credit report has many different claims on it based on your historical credit borrowing. If you have any late payments, overdrawn credit accounts or other lines of credit that are in default or went into collections, those are considered derogatory and can drastically drop your score, fast. If you find your FICO below 560, then you'll want to do something about it fast. When looking at your credit report, you can see right away the items that are negative which you'd want removed. After that, it's a matter of getting some dispute letters written - look up templates for this - then sending them out in a good interval that gets the attention of the bureau but not too fast so as to make them think your being frivolous.
You see, if you have more time and you can draw your credit repair out over a year or more, then there's your answer. If you have less time and you are really wanting to get into the car or home of your dreams sooner than later, then it's probably best to contact a credit restoration company. There are several to choose from who are reputable and have been in business for several years. You want to do your homework to find out which one of these companies has a good rep and will not swindle you out of all kinds of cash.
Is credit repair legal?
Yes, but some of the companies who provide those services are not. You want to be sure that the company you're working with can tell you exactly how they plan on getting your credit fixed. They should mention things like sending dispute letters to the reporting bureaus then looking together with you on how much of your credit history contains false or outdated information. Ask the company which software they use to manage their credit restoration campaigns. There are several out there, but when they give the answer, do your research to ensure that they are using a secure website, which has an SSL certificate and the beginning of the url is https. Services like the Credit Repair Cloud is one such example of online project management for restoration.
Do it yourself credit report repair
As stated, there are a few different ways you can get started. But the basic principal is the same whether you do it yourself or hire a company like Lexington Law to do it for you. Essentially, your credit report has many different claims on it based on your historical credit borrowing. If you have any late payments, overdrawn credit accounts or other lines of credit that are in default or went into collections, those are considered derogatory and can drastically drop your score, fast. If you find your FICO below 560, then you'll want to do something about it fast. When looking at your credit report, you can see right away the items that are negative which you'd want removed. After that, it's a matter of getting some dispute letters written - look up templates for this - then sending them out in a good interval that gets the attention of the bureau but not too fast so as to make them think your being frivolous.