Does Credit Repair Really Work?

Does Credit Repair Really Work?

If your credit history is in less than pristine shape you’ve probably asked yourself if credit repair really works, and then you’ve most likely wondered if it will work for you.

Let’s face it, in this the golden age of connectivity your credit report is really your “life report”, and if your credit is in bad shape then it can make your life a financial and personal struggle. Compound this with the daily stress of a growing family and it can be an outright nightmare.

Over %70 of US citizens have a tarnished credit history and they don’t even know it. Some of them realize it looks bad but most don’t know how to go about getting their report to look as good as possible in the eyes of potential lenders. These people are either just drinking the media Kool-Aid (more on this below), or they aren’t that worried about the writing on the wall when they really should be.

I’m sure you’ve heard well-meaning news reporters tell you that there’s no use in hiring anybody to repair your credit because it can only be fixed by time, and there’s nothing you can do to speed it up. These news reporters most likely have good intentions but they are definitely not very well informed. Credit repair really can work, it can work for you, and it can help speed up your financial recovery but it won’t help you at all if you don’t take (informed) action.

The reason the media is doing this rabid, blind reporting is because there are unscrupulous credit repair companies that commit repair fraud on a daily basis and its giving the few reputable companies out there a bad name. I’ve expanded on an old saying – No news is good news, and good news is no news, so bad news is the only news…I’ll let you do the math as to why the media keeps reporting just the negative stuff.

So what can you do if you have bad credit and want to get it repaired, and what are the steps you should take when all the bad news is in your financial history? The simple steps are as follows:

  • Decide to take action
  • Get a copy of your credit report
  • Breathe deeply
  • Research a reputable credit repair company
  • Take action by hiring the credit repair company that meets your standards