It’s important to keep an eye on your credit score on a regular basis so that you’ll know if any mistakes appear. Just one error or unfairly-reported item could lower your credit score. If it is damaged, you’ll need to learn the best way to fix credit report. Will you try to deal with the negative item(s) yourself, or will you consult with a credit repair agency?
The very first thing to do is to actually 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 need to familiarize yourself with both the Fair Credit Reporting Act and the Credit Repair Organization Act. The FCRA will help you determine if anything has been reported unfairly. The CROA will help you better understand your options for getting it taken care of.
You’ll have to do a whole lot of letter writing if you want to tackle the issue and try to repair things by yourself. With obvious errors, individuals are often able to take the DIY approach. If there are some questionable items, and you feel as though some things are reported unfairly, the best way to fix credit report is to work with a 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.
Best Way to Fix Credit Report Legitimately
It’s important to understand that some legitimate derogatory details, like bankruptcy and accounts sent to collection agencies, are not refutable and will remain on your report for years. The number of years varies from state to state. Unpaid liens can remain on the report indefinitely.
While there are scams to watch out for, credit repair services can be very beneficial – especially if there are attorneys on the staff. They will make the entire process of repairing your credit a lot simpler, and if the service is legit, you might not even have to pay until you start seeing positive results. A major red flag to avoid is an attempt to make you pay money upfront. Look for a free consultation, which includes helping you look over your credit report and evaluating your score. An honest company will be upfront about if they can help you and what they will do if they can.
If you really want to learn about the best way to fix credit report, Lexington Law might be the right company to start with. Check and see if it offers its services in your state and consult with them for free.