There Is No Quick Fix For Improving Your Credit Report
Question: Ive had trouble paying my bills on time in the past and now my credit record isnt the best. Ive seen advertisements for credit repair services. Do they work?
Answer: Hard work and the passage of time are the only tried and true methods of repairing a blemished credit record. While there are a variety of legitimate options to reduce debt, some companies offer false promises to erase your bad credit or help you qualify for lower interest rates.
If the information on your credit report is accurate and timely, it cant be changed or removed. Individuals have paid hundreds or even thousands of dollars to companies that simply cant provide the services they claim. Steer clear of companies that guarantee they can erase bad debt from your credit file or fail to tell you your legal rights and what you can do to help yourself.
Your credit history is maintained by private companies called credit bureaus that collect information provided by banks, credit card companies, mortgage companies and other creditors. The three major bureaus are Equifax, Experian and Trans Union. You can request an annual...
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