Credit repair does it work? That is the biggest question most people have when they are considering cleaning up their credit report. We will go over this below. The answer to that question is yes credit repair does work and it works well as long as you do it right. By doing it right it means that you not only have to dispute items on your credit report but you also have to rebuild your credit rating.
How Do You Rebuild Your Credit Rating
The best way to accomplish this is to use secured credit cards. Secured credit cards require the borrower to deposit in cash the amount of the credit cards limit, normally $250-$500.
If you default on your card the lender can take what you owe them from the deposit then return the rest to you. It basically makes it a loss free transaction for the lender. Because of this approval is easy and secured credit cards report just like a normal credit card does.
Here Are The Secured Credit Cards We Recommend
How To Clean Up My Credit Report
Cleaning up your credit report involves looking over your credit report for errors and negative information. Using Federal Laws you can dispute this information and the credit bureaus will have to investigate it with the lender. You basically have two choices you can either pay a company to do it for you or you can do it yourself.
If you pay a company to do it for you keep in mind that it will normally cost you $75 to set up your account with the provider then an additional $75-$99 per month after that. So six months of credit repair can cost almost $600. Self credit repair on the other hand is much cheaper and the results are usually the same as long as you are dedicated to the work.
Self credit repair can be done with a few hours per week and if you can write a letter and dial the phone you can fix your own credit. What scares most people off is not knowing what to do or where to start. To get around this it is recommended that you get yourself a good self credit repair kit that will give you a plan to follow and all the information you need to fix your own credit
Here Are The Self Credit Repair Kits We Recommend
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