Credit Repair Library


Are Credit Repair Companies Legitimate?

Many ‘credit repair’ companies claim to remove negative credit with the flick of a wrist. Their advertisements make bold assertions and money-back guarantees: ‘Bankruptcy, tax liens, judgments… Read More

Choosing the Right Credit Repair Company

Selecting the best credit repair company to help you improve your credit score is a big decision. A typical credit repair service will cost you a few hundred dollars and will take up to a year to complete their service. Read More

Credit Score Articles

What does that three-digit number really mean to you? What does it mean to those around you? Read More

Debunking Popular Credit Repair Myths

A simple Google search for “credit repair myths” returns over 300,000 results. I guess it’s pretty safe to say that there are some myths out there about credit repair. Read More

How Bad Credit Affects You

Very few things in life can have a more devastating effect on your lifestyle than a poor credit score. A low credit score can cost you hundreds or even thousands of dollars per month. Read More

How to Fix Credit: 10 Reasons

You already know (or at least have a pretty good idea) what state your credit is in, or you probably wouldn’t be reading this. Chances are, you’ve already done a bit of research on the web and found several different companies that can repair your credit. Read More

How to Get Your Credit Cleaned Up

So you’ve freed your credit reports of all questionable listings-no more slow to pay marks, missed payments, or bankruptcies. You’re sleeping easier at night, no longer dreading to sit down to pay your bills, and enjoying your new sense of wellbeing. Read More

How to Get Your Free Credit Reports

Because the credit bureaus collect and distribute your personal information, you have the right to check that what they are distributing is in fact correct. By law, you are allowed one copy of your credit report from each of the big three credit bureaus annually. Read More

How to Improve Your Credit

We all know how important our credit scores are. Potential landlords, creditors, employers, lenders and many others are interested in your credit score. Read More

How to Read Your Credit Report

Even the canniest minds can become confused when they attempt to read and understand a credit report for the first time. With a little direction, you will soon be on your way to identifying any errors lurking within your credit report. Read More

How to Repair Identity Theft

When it comes to your personal credit, what you don’t know can hurt you. In a study completed in 2004 by the US Public Interest Research Group (US PIRG), as many as 79 percent of credit reports contain errors. Read More

How to Survive the Current Economic Crisis

Any way you look at it, we’re at the crossroads of a financial crisis, facing the meltdown of our entire economic system and lifestyle. The consumer mindset that has been prevalent in America over the past 50 years has suddenly changed, and nobody is certain exactly how to fix things. Read More

How to Write a Credit Report Dispute Letter

A properly written dispute letter can be invaluable when it comes to clearing up your credit report. While preparing to send that letter to a credit bureau may not be enjoyable, an appropriately written dispute letter can valuably assist you in getting a loan, a job, or a new home. Read More

Insurance Companies Care About Credit Reports

It’s fairly common knowledge that the information contained in your credit report is used to determine your credit worthiness. Lenders and finance companies of all kinds will pull your credit report when you apply for financing for anything from a new set of tires to your dream home. Read More

Legal Credit Repair Techniques

To better understand what legal credit repair is, it would be helpful to understand a few types of illegal credit repair: Illegal: Changing your social security number to obtain a clean bill of credit. If any company should suggest this type of credit repair, report them to the authorities. Read More

Maintaining Your Credit Proactively

For many people, credit is a mystery. Understanding it, and just as importantly, managing it, are not even possibilities. Read More

Monitoring Your Credit

Your credit score and credit report can have greater effects on your life than you might anticipate. By checking them frequently for anything out of the ordinary, you can prevent potentially costly mistakes, both innocent and malicious. Read More

Piggybacking: How It May Help Your Credit Score

The practice of piggybacking has been around for years, and many consumers have used it to boost their credit scores. In order for a consumer with bad credit to boost their score, a person with good credit would simply authorize the bad-credit individual on one or more of their credit lines, thereby artificially boosting the bad score and making it appear that the person with the bad score actually had several lines of good credit. Read More

Repairing Credit Yourself

The Fair Credit Reporting Act gives you the right to dispute any and all items on your credit reports that you feel classify as inaccurate, unverifiable, or misleading. If the bureaus can not verify that the information on your reports is indeed correct, then those items must be deleted. Read More

The First Stock Market Crash

A number of events have caused drastic changes in the lives of countless Americans. Perhaps the most detrimental crisis Americans ever dealt with was the Stock Market Crash of 1929. Read More

The Importance of Your Credit Score

If you have ever applied for credit, you already know how much your credit score affects your finances. The amount of money you qualify for and the interest you will be charged are tightly linked to the single three digit number that is your credit score. Read More

The Truth About Credit Scores

Have you ever wondered what your credit score is? Or, do you have a pretty good idea of what your score is, but have no idea how to improve it? Read More

Understand the Fair Credit Reporting Act (FCRA)

The Fair Credit Report Act (or ‘FCRA’) is a federal law of the United States, passed in 1970 and enforced by the United States Federal Trade Commission. The act is intended to protect individuals and businesses by limiting the ways in which credit information may be shared. Read More

Understanding Credit Scores

This rating system is meant to develop a snapshot of the risk you currently represent to a lender. Several parameters in your credit file, including length of credit history, number of open accounts, loans, mortgages, public records, and others are formulated to produce a three-digit score between about 300 and 950. Read More

What is a Credit Bureau?

For starters, let’s put aside the idea that the credit bureaus exist to ensure the safe keeping of your private financial data. The credit bureaus are not official government agencies and they do not create your credit reports for your benefit. Read More

What is a Credit Bureau? Know Their History

In the most basic terms, a credit bureau is a clearinghouse of information on consumers. Every time you fill out a credit application, every time you make (or miss) a payment, every time you do just about anything that has to do with your finances, the credit bureaus are there, even if you aren’t aware of it. Read More

What Is a Credit Report?

Whenever you apply for any type of credit or financing, a credit report is pulled from at least one of the three major credit bureaus. While there are hundreds of smaller credit bureaus around the country, virtually every credit bureau is affiliated with Trans Union, Experian, or Equifax. Read More

What Is Credit Repair?

Mistakes and other inaccurate information on your credit report aren’t your fault and in a perfect world, wouldn’t affect you. Our world is not perfect, however, and while you may not be responsible for some or all of the questionable items on your credit report, you are probably being held accountable for them. Read More

What to Do When Credit Cards Are Lost or Stolen

Many people find it easy and convenient to use credit cards and ATM or debit cards. The Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) offer procedures for you to use if your cards are lost or stolen. Read More

Will Bad Credit Affect Getting a Job?

When you apply for a mortgage, the lender will check your credit. When you apply for an auto loan, they’ll check your credit. Read More