Repairing your credit may be in your future and may be found in a credit repair company.
These companies can often help clear bad credit from your credit report, resulting eventually in a good FICO score.
A repair report can then be made by these types of companies once things have been cleared up.
Use the following tips to choose a reputable company: 1.
Don't pay for anything up front: The companies that demand payment before any services are normally unethical to begin with.
2.
Watch out for "re-inventors": The companies that want to change your identity by filing for a new Social Security number in your name or for an Employee Identification Number (EIN) are putting you in a potentially illegal situation.
The use of an EIN as a Social Security number is a fraudulent act that could lead to federal prosecution.
3.
Look for one that helps you help yourself: Most legitimate credit repair companies will tell you what you could do yourself to help your credit score for free! This includes writing to the three credit reporting bureaus yourself concerning any errors on your reports.
Remember, avoid companies that want a fee or payment before they begin working with you.
If a company claims your case will cost thousands of dollars to obtain satisfactory results, find another company.
GOOD companies will have reasonable rates for services and will bill you as they work for you, not up-front.
Their aim should be to get you back on track with a good FICO score and a workable credit report.
Good credit repair companies may not be able to remove all negative information on your three credit reports, but they should at the very least be able to improve your situation.