Finally Get Your Low Credit Score Fixed
So, you missed a couple payments on a credit card or installment loan and, as a result, your credit has gone way down. When this happens, it gets harder and harder for you to take out a loan when you need it. It’s in situations like this where you should look for credit repair.
While there are things you can do yourself to accomplish credit repair, most often you’re better off to leave the “heavy lifting” to the companies who do this every day. They’ll be able to get the most fixed on your report in the fastest time possible. But all of this leads up to this question – what exactly is credit repair?
What Is Credit Repair?
Credit repair is exactly what it sounds like. This is the process where your credit score is “repaired” by addressing some of the bad marks in your history with credit bureaus on your behalf. Specifically, credit repair attempts to go after as many of the big marks as possible that caused your score to tank.
A credit repair company is an organization that will take over the hard and tedious work of credit repair on your behalf for a fee. Credit repair companies, like Kevin K Loans, takes over all of the heavy lifting for you. We use our connections and expertise to do everything in our power to remove bad marks on your score.
It’s important to note that a credit repair company is different from a credit counseling agency. These are typically free resources from nonprofit financial organizations who review your finances and teach you how to better manage your money and debt. Do not expect any type of credit repair work to be done on your behalf when contacting a credit counseling agency.
How Does Credit Repair Work?
Now that you know what credit repair is and that it can actually help you get your report back on track, you should know how it works. The process may sound simple, but a lot of work goes into each client whose report needs fixed.
First, they’ll usually request a copy of your personal credit report from the three main credit bureaus (Equifax, Experian and TransUnion). Next they’ll look for specific derogatory marks such as charge-offs, bankruptcies, and tax liens. Then, a plan will be made to dispute these marks and negotiate with the bureaus to have these marks removed. Some ways of accomplishing this include letters to dispute erroneous marks, cease-and-desist letters to debt collectors, and requests to validate information.
Finally, the company may advise you to apply for some new accounts to add more positive marks to your report. However, you must be cautious when doing this if you’ve had problems with credit and debt in the past. The smart thing to do would be to call our credit repair line at (855) 407-8007 and let our representative know what issues you’re facing. They’ll be able to help you begin down the road of credit repair in no time.