Why Consider Credit Repair?
A good credit score is as important as a healthy heart. Without it, you’re restricted in what financial goals you can reach. Taking a car loan, a mortgage, or even a business loan becomes tough – and expensive – if you have a poor credit score. Whether your low credit is a result of your own financial mistakes or identity theft, lenders see a poor credit score and consider you to be a risky borrower. They will either decline your loan or charge you a higher interest rate.
That said, don’t lose heart. Many lenders also look at your recent credit history for signs of improvement. If they see that you’re getting better, they may be willing to ignore your past. Still, you’ll need to repair your credit history. This is where credit repair companies come in. These kinds of companies will examine your credit report; dispute any incorrect items; negotiate with your creditors to ensure that records are accurate; and even work with debt collectors to stop harassing you.