​Are Credit Repair Services Worth It?

It isn’t something that we find ourselves talking about often, but our credit scores dictate many aspects of our lives. This can be especially true for those of us who have bad credit, and it happens to more Americans than many realize. If you are in a bad credit situation, it’s important to know that you are not alone and that it is not a life sentence.

The truth is, you can fix your credit in no time with a little knowledge and a little help. There is a wide range of tools and services available to aid those with getting their credit back on track, freeing them up for new loan opportunities and lower interest rates. If you can’t decide whether you should use a service to repair your credit or not, take the following into consideration.

Tracking Your Progress

While repairing your credit it is crucial to stay on top of things by checking your score. You can do this for free with sites like Credit Karma that show you your score on both Equifax and the TransUnion. You will also be able to check your payment history, credit card utilization, view any derogatory marks, and more.

Choosing to use a service will allow you to do all of that as well. However, you will have experts that can give you more insight into how certain things can affect your score. They can also give you advice when it comes to closing old accounts, your eligibility for opening new ones, and more on a personal level that free sites do not offer.

Fixing the Past

Disputing negative marks on your score is essential to repairing bad credit. However, it can be easier said than done. Going through each and every part of your credit history to ensure it is accurate is not only time consuming, but can be a real hassle.

Using a service allows experts to comb through every aspect of your report, and do the hard work for you. They will challenge creditors to make sure your history is up to date, accurate, and reflects your credit history honestly. This is a major benefit and a great way to improve your score off the bat.

A Plan for the Future

Maintaining a positive score can be easier said than done as well. The temptation to rely on cards and loans can dig the same hole it did the first time around. It takes a high level of discipline to stay on the right track, but it isn’t impossible.

The benefit of a service is that they take an educational approach to helping you avoid the pitfalls leading to bad credit. Their technology can help you to take the steps necessary to maintain a great score and accomplish your credit goals. Having that extra help puts the odds in your favor, and will continue to see you through to a score of 800 and up.

Making the Decision

The choice is ultimately yours, but it is important to know the benefits and downsides to fixing your credit on your own or using a credit repair service. It isn’t impossible to repair your score on your own, and paying for a service might be an expense that you can do without. With a little information, some helpful online tools, and a lot of self-discipline, you’ll be well on your way to an excellent score.

However, utilizing the aid of a repair service come with a lot of benefits and tools to see you there as well. Having experts on your side to dispute negative marks, and help you stay on track in the future is a sure fire way to fixing your credit fast.

Roberto Azarcon

Roberto has worked in the personal finance field for 20 years, particularly in the areas of financial planning.

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