Since every person’s credit situation isn’t the same, there is no best way to fix bad credit for everyone. You will have to decide if you want to try and tackle it on your own or get help from credit repair organizations.
A credit score in the 600s will be easier and quicker to fix than a score in the 500s. However, there is no way to precisely know how long the process will take and how many points you can raise when trying to fix it. A sign of a scam is a website promising that they will do just that. Be wary of scams that expect you to pay any money right at the start before they even give you a consultation. A consultation should always be free.
Before you get started with the best way to fix bad credit, regardless of whether you will do it yourself or get assistance from a legitimate company, you need to make sure your current finances are in order. If you’ve been in debt, try and get on top of the situation ASAP. Recent negative items on the credit report will be difficult to remove – especially if they are legitimate.
Carefully look over all three credit reports and review them. Look for incorrect entries, errors, anything that seems unfair, signs of fraud, etc. Anything legitimate such as late payments that you know for sure you have made is something that you won’t be able to remove. You might able to negotiate with the creditors and credit bureaus. For instance, it might be possible to get delinquencies removed if you settle those collection accounts.
Best Way to Fix Bad Credit With Consultation
If there is any item you are not certain about and aren’t sure if it should be there, it’s time to consult professionals such as paralegals who work with credit repair companies. Once again, the legitimate companies offer free consultations and make no outrageous claims that seem too good to be true.
If your debt is so bad that you don’t feel comfortable or confident in your ability to deal with it on your own, consider getting debt negotiation services or a consolidation loan.
Once your finances are in order and your debts are cleared, it’s time to start clearing up the three reports – or at least finding out if it’s possible to repair them for the time being.
For those who don’t want to do it alone, the best way to fix bad credit is to consult with an organization like Lexington Law. They are trusted leaders in the industry and offer free consultations – you can sign up online. The process is easy to get started with. Find out if they are right for you.