How to Find the Best Free Credit Repair Service
How does your debt impact your life? The latest statistics show that the average credit card debt in America is rising at a rate of about 7 percent. Moreover, unresolved personal debt contributes to a lower credit score for the average American. Whether your financial issues stem from credit card debt, late payments, or even identity theft, you can recover from a bad credit score. Read on to learn how to find the right free credit repair service for you.
Do It Yourself Solutions
What can you do to improve your own credit score?
Before you seek out a free credit repair service, try these few strategies to keep track of your credit score.
Check your Annual Credit Report
You can get one free credit report per year from each of the three credit bureaus in the US:
Be sure to download your report from each service. Each report has a different score listed. Certain delinquencies that may be on one report might not be listed on another.
Monitor Your Credit Score
Use a free credit repair service like Credit Karma to monitor your score more closely. This service also allows you unlimited access to summaries of your reports at no charge.
Do you have any disputable charges on your credit report?
Perhaps you are a victim of identity theft. Someone has been using your credit without your knowledge. Consequently, this can drastically impact your score.
If you see charges on your report that are unfamiliar to you or which you’ve already settled, you can dispute them. For example, use a letter template to write a professional appeal against the questionable charges.
Open A No-Interest Credit Card
Once you settle all the charges on your credit report, you can boost your score by opening a no-interest credit card. Use it at the minimum monthly rate, and pay back exactly what you owe each month to leave a consistent track record. this solution takes time, but it’s a natural way to repair your credit score.
Get A Free Credit Repair Service
Do you feel lost when you think of keeping track of your credit?
Don’t worry, some companies can do the work for you. You can do the bare minimum in terms of looking at your score while leaving the rest up to your chosen company.
Services like Sky Blue Credit Repair(R) or
Lexington Law can dispute your negative credit on a legal basis. These companies offer free consultations, and they can work with debt collectors to erase the damaging charges completely.
Find A Reputable Service
It’s difficult to find a free credit repair service that does all the legwork to erase your bad credit. That being said, a reputable credit repair company won’t charge you at all before any work is done on your behalf.
Make sure that the company you choose follows the Credit Repair Organizations Act of 1997.
Under this law, credit repair services:
- Cannot charge you before performing their services as advertised.
- Cannot ask you to lie to a credit bureau, or do so on your behalf.
- Must offer a legitimate contract that states their services and charges.
- Cannot tamper with your identity to improve your credit score.
- Cannot make you sign a waiver against the Credit Repair organizations act.
You can find out whether the company you’re interested in meets all regulations and legal standards by visiting their website’s “about page.” Services which adhere to these regulations use them as an asset to gain customers.
Learn More About Your Options
Do you need more information about credit repair or debt in general?
Contact us to learn new strategies for managing your finances. Our goal is to inform you so that you can handle any debt-related issue that stands in your path to financial freedom.
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