Your credit score is a three digit number that plays a huge role in your credit-worthiness and whether or not you can be trusted with any type of new credit line or loan. In some cases, this number is a factor that determines whether or not you can rent an apartment. If the number is under 670, you are going to have some trouble. If it’s not even 600, your financial situation is very, very bad, and you absolutely must learn the fastest way to fix bad credit.
You’re probably already aware that there are three main credit reporting bureaus: Experian, Equifax, and TransUnion. Once a year, you are allowed to view a copy of all three reports for free. Some credit card companies, mortgage lenders, etc. report to just one bureau, while others report to two or even three. Obviously, not all 3 reports are going to be exactly the same, although they are probably within the same general range.
If you are unhappy with your scores after reviewing your reports, you’re going to have to begin the repair process. One of the most important things to do is to check and see if everything is accurate. There might be some errors or unfair reporting on the reports. The fastest way to fix bad credit would obviously be to have those errors removed. For this, you can acquire services from a credit repair agency that has a network of lawyers and paralegals who would be willing to take on your case.
Fastest Way to Fix Bad Credit With a Large Debt
If your credit problems involve a lot of debts that you are having trouble staying up to date with, then you should consider a debt relief company or debt management service.
There is only so much a credit repair and/or debt management company can do for you. Even after you get your credit reports fixed up, you’ll still need to start paying on time in the future and making sure you don’t start going down the slippery slope again. Your score likely won’t improve overnight, either. It takes some time – even after you start getting errors removed. Even if you opt for the fastest way to fix bad credit possible, you’ll still need a bit of patience for the score to increase.
AVOID any kind of “service” or credit repair “agency” that guarantees that the score will increase by a specific amount in a short period of time. There are no guarantees.
While you can do much of the repairing yourself, you still may need help getting errors and unfair items removed off of your reports. This can take awhile if you take the DIY approach. Once again, there are no guarantees, but the fastest way to fix bad credit is USUALLY by going through a legitimate organization such as Lexington Law instead of trying to do everything yourself, or falling for a scam. Check and see if Lexington Law is available in your area.