Credit Repair: The Tools You’ll Need
If questionable negative items are damaging your credit, removing them can enhance your score by as much as 100 points or more. Often called credit repair, there are some easy steps you can take to help raise your credit score.
Four Easy Steps To Credit Repair
- Research
We begin by obtaining all of your credit reports in the major bureaus. Afterward, we review them to see which negative items might be incorrect, unjust or unsubstantiated.
- Challenge
We start a dialog with your creditors and the credit reporting agencies for your benefit, requesting them to research every one of the things we identified before
- Escalate
We leverage certain legislation to maintain your situation challenges moving ahead. Things which aren’t verified as accurate, honest and substantiated ought to be removed out of your accounts.
- Mentor
During this cycle, we are here to answer your questions and teach you how to correctly handle your credit score.
Beware of Credit Repair Scams
As you seek credit repair options, beware of scammers. Unfortunately, bad actors see a way to make money from those who can least afford to lose it. Many know that credit problems are the root of most people’s financial problems and they’ll concoct all kinds of schemes to take advantage of people.
As noted by the Federal Trade Commission, they all make the same claims:
“Credit problems? No problem!”
“We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!”
“We can erase your bad credit — 100% guaranteed.”
“Create a new credit identity — legally.”
WHAT IS A “GOOD” CREDIT SCORE?
Fico scores are usually split into five pieces of caliber –bad, fair, good, very good and exceptional. Scores between 670 and 739 are considered’good’
Debt Advisors is here to help.