You’ve heard about them, through robocalls or promotional mailers, maybe. Credit repair agencies that claim to be able to work magic on credit reports that have seen better days. You’re coming close to ponying up, but you’re watching every penny. So, you might wonder, can you fix your own credit — for free?
Yeah. You can. You “can” do a lot of things. But It’s only fair to look at the whole picture first.
Maybe you feel like you cannot take on one more, perhaps ongoing, task, yet you sorely need your credit cleaned up. You’ve put it off and put it off, and now the oft carried over “To Do” item is hanging over your head.
Perhaps you even have a big move coming up for which you need every credit point you can get. In any case, know this: you can handle any, and all, credit issues yourself, if you have the time, patience, and persistence.
They advertise themselves as specializing in getting incorrect or unverifiable entries removed, for a fee, from Experian, TransUnion, and Equifax credit reports.
However, credit repair agencies are frequently perceived to be companies that can get negative information magically deleted from your reports, even if they’re accurate. This is a misnomer, and that tact is hardly ever successful. It’s best to wait for the item to fall off your reports in due time. Think I’m wrong? See what is said about Lexington law.
While most repair companies are legit, there are some outfits out there that are preying on you and your cash. According to the Consumer Financial Protection Bureau, beware of companies that:
So, can you fix your own credit for free? Sure.
Whether you want to do so depends on your definition of “fix” as well as how much time you can devote to the task of getting items that are either unverifiable or incorrect deleted from your reports. You also must decide whether you want to spend the money.
If you have negative items that you hope your money can get erased, good luck. You’re better off either trying another financial strategy, paying the debt off, or waiting for time to do its thing.
Thailand is a country that is self-evident. You're thinking about beaches, shopping, beauty, wildernesses, and…
In the last few years, the world has observed a more significant transformation in the…
Are you planning a luxury trip to New Jersey? So you need to start with…
Last month, a buddy blew out his back. Having had a similar issue and found…