Credit repair is the act of attempting to have information deleted from your credit records for the purpose of improving your credit score. Credit repair is when a third party, commonly known as a credit repair company or credit repair services company, attempts to obtain information deleted from your credit reports for a fee. These companies are profit oriented and their services are typically sold as being capable of helping individuals improve on their credit scores. Unfortunately, this does not work.
In order for these credit repair houston tx companies to achieve "re-fix" status you must contact each reporting agency individually. They will not deal with any company that does not request individual attention. If you fail to follow this simple step then you will find that your bad credit stays. Do not make the mistake of believing that a credit repair service can help you obtain bad credit records cleaned. As a matter of fact these same services will likely advise you against attempting any action at all.
In order to use a credit repair service effectively you must receive a formal written statement from the credit bureaus supporting your claims of bad credit. You will also be required to initiate and respond to the dispute with the credit bureaus. This process is very cumbersome and in my opinion, should be avoided at all costs. The major credit bureaus are well aware that these are what they receive in return for your business so why allow yourself to be forced into a futile dispute process that will ultimately result in your bad credit reports and scores remaining where they are.
Once you have begun the dispute process you must carefully review all documentation provided to you by the credit repair companies. Ensure that you thoroughly understand all details and information provided and if necessary seek additional verification or assistance from the credit bureaus. If they are unable to assist you or unable to verify any information you have provided to them, then it is time to move on and seek assistance from another professional source. There is no need to suffer through this process any longer and if you have attempted to contact the bureaus themselves they should be able to assist you as well. To understand how a credit company works, read more on this article.
In my opinion it is far better to wait until you have received the credit report from the three major credit bureaus. As I said previously, these agencies are in bed with one another and will provide you with negative information if you attempt to challenge their information. As they are the ones who will be responsible for correcting this false information into a positive credit report, they are going to want to make sure that the correct information is included.
Again, you must be very careful when attempting to clean up your poor credit scores. The credit repair companies are here to make money, and they will have no problem selling you their services. Unfortunately for you, there is usually no way to tell which companies are being genuine and which ones are not. This can make it very difficult to determine whether or not they are going to do their part to help you fix your scores. In my opinion it is far better to simply wait for the credit scores to improve themselves. In many cases, this is all you need to do to wipe out this negative information once and for all.
To understand more about this subject, please read a related post here: https://en.wikipedia.org/wiki/Credit.
