Need Help Fixing Your Credit?
If you have a bad credit score, you probably already considered going to a credit repair company for help.
But is it worth going to a credit repair company for help?
Is it a good idea? Or will the company just pump out monthly fees out of your bank account without helping you at all?
Is It Worth Going To A Credit Repair Company?
The real answer to this question is: it depends on your financial situation.
But usually, if you have a bad credit score and have no idea on how to improve it, credit repair companies are well worth the hassle and the fee.
It’s especially helpful when you have tons of negative items on your credit history negatively affecting your credit score.
When you hire a credit repair company or agency, their job is to investigate, negotiate and dispute negative items on your credit history for you. If you’re feeling overwhelmed by aggressive collections agencies (known to intimidate most people over the phone), having a professional mediator like a credit repair agency will remove the weight of those collection agencies off of your shoulders as well as save you countless hours over the phone.
How Much Can My Credit Score Be Improven With A Credit Repair Company?
It depends on your financial situation, but usually, customers see an increase of around 100 point in their credit score after working with a credit repair company for at least half a year.
One important thing to note is that these results are not a guarantee, it’s just the average result for the average customer. The actual result depends on a multitude of factors.
If you’re interested in figuring out how a credit repair company can help you, we recommend giving a FREE call to the best credit repair company near you by clicking one of the big green buttons on this page.
Need Help Fixing Your Credit?
Are Credit Repair Companies Scams?
No, they are not a scam.
Even though some credit repair companies have a very shady and negative reputations on the internet, most credit repair companies are not scams.
Before giving your business to anyone, yet alone credit repair companies, make sure to read reviews about the company and make sure that the company is accredited in its niche.
How Can I Improve My Credit Score Myself?
1. Do Not Use All Of Your Credit
A credit utilization rate of less than 50% is absolutely crucial to improve your credit score. That means that if you have a total credit of 1000$ available, you should never use more than 500$.
2. Never Miss A Payment
Another good way to increase your credit score fast is to never miss a payment on your bills, credit cards, line of credits, etc. And it doesn’t matter if the amount is big or small, all missed payments affect your credit score, even if you miss a 1$ payment on your credit card.
Never missing a payment means paying before the date limit!
Not the same day.
Why?
Sometimes the payment won’t be processed in time if you pay at the last minute and it will count as a missed payment.
3. Keep Your Old Accounts Open
Sounds counterintuitive no?
But keeping a long credit history is crucial to a good credit score. So if you don’t absolutely need to close an account, don’t! The longer you keep this account, whether it be a credit card or line of credit, the better signals you’ll be sending to your credit history.
Why?
Because showing creditors that you can responsibly use a credit card or any other type of credit for a long time shows them that you’re worthy of borrowing more.
4. Vary The Types Of Loans You Take Out
More loans is bad?
Not always, sometimes having more type of loans is actually better for your credit score!
Having a mix of a car loan, a credit card, a line of credit with a total credit amount of 30 000$ is actually better for your credit score and history than having one credit card with a 30 000$ limit.
Although, you should be very careful when taking out multiple loans, never take out too much debt if you can’t pay it off. The most important thing to improve your credit score is to be financially responsible with debt.