It is important to monitor your credit score regularly to see if any errors appear. Just one mistake or unfairly reported item could lower your credit score. If it’s damaged, you’ll need to learn the best way to repair your credit report. Will you try to deal with the negatives yourself or consult with a credit repair agency?
The first thing to do is make sure your copies of your credit reports are up to date. Take a look at all 3 reports carefully and see if there is anything wrong or questionable. You should be familiar with the Fair Credit Reporting Act and the Credit Repair Organization Act. The FCRA will help you determine if something was reported incorrectly. The CROA will help you better understand your options for remediation.
You will have to write a lot of letters if you want to address the problem and try to fix things yourself. With obvious bugs, people can often take the DIY approach. If there are some questionable items and you feel that some things are being reported unfairly, the best way to fix your credit report is to work with a credit repair agency. You’ll also want to work with a credit repair company with legal experts on their team if you think you might be a victim of fraud.
The best way to legitimately fix your credit report
It’s important to understand that some legitimate derogatory details, like bankruptcy and accounts sent to collection agencies, are not rebuttable and will stay on your report for years. The number of years varies from state to state. Unpaid links can remain in the report indefinitely.
While you have to be wary of scams, credit repair services can be very beneficial, especially if there are attorneys on staff. They will make the whole process of repairing your credit much simpler, and if the service is legitimate, you may not even have to pay until you start to see positive results. One of the main red flags to avoid is an attempt to make you pay money up front. Find a free consultation, including helping you review your credit report and assess your score. An honest company will be upfront about whether they can help you and what they will do if they can.
If you really want information on the best way to fix your credit report, Lexington Law might be the right company to start with. Check and see if they offer their services in your state and consult with them for free.