Does Credit Repair Work

What Is Credit Repair?

Credit repair can involve fixing your bad credit in any way, shape or form, but when most people use the term ‘credit repair’, they’re referring to the process of disputing errors on credit reports. You can go through this dispute process for free with each of the credit bureaus on your own. This involves filing a formal dispute with the credit bureau(s) in question either online or via snail mail.
That formal dispute should provide a detailed explanation of the error and you’ll want to include any supporting documentation you have along with it. (You can learn more about disputing errors on your credit report here.)

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Many people, however, don’t have the time or don’t understand how to make their case, so they look into hiring a credit repair company to dispute errors on their behalf. These companies can charge a fee for their legwork (more on how that works in a minute), but there are times when the extra help can certainly be welcome. (Say you have multiple errors across credit reports or you’ve been the victim of widespread identity theft.)
We’ll delve deeper into both types of credit repair, starting with credit repair businesses, since there’s a good chance that’s what someone is referring to when they use the term.
How Does Credit Repair Work?

How Does Credit Repair Work?

To get to the heart of what credit repair is and how credit repair companies operate, we went to Randy Padawer, Consumer Education Specialist with Credit.com partner Lexington Law, which represents consumers who want to repair their credit.
“Credit repair leverages your legal right to three standards: Credit reports must be 100% accurate, entirely fair, and fully substantiated,” Padawer said. “Too many lesser credit repair companies skip over those last two standards — which involve communicating with your creditors — in favor of depending upon simple credit bureau disputes by themselves.”

What You Get With Credit Repair Services

Repair Your Credit History

We work with the credit bureaus and your creditors to challenge the negative report items that affect your credit score. We’ll ensure your credit history is up-to-date, accurate, and reflects you honestly.

Monitor Your Credit Profile

24/7 Credit Monitoring & Alerts powered by TransUnion keep you aware of the changes and updates on your report, and provide customized information and advice about how those reported items affect your score.

Build Your Financial Future

Our customized tools, educational approach, and proven technology guide you through the tasks and action items you need to take in order to maintain a healthy score and accomplish your credit goals.