How Do Credit Repair Programs Help Improve Your Credit Score Step-by-Step?
Having a good credit score helps one gain loans, lower interest rates, and even get a better job in some instances. What do you do when your credit score isn't as good as you wish it could be? Credit repair programs step in at this point. They provide solutions to individuals so they can learn about, improve, and manage their credit status. Here's how credit repair programs function step by step to improve your credit score. Step 1: Credit Report Review and Analysis The first step in any credit repair program is a thorough review of your credit reports from the major credit bureaus—Equifax, Experian, and TransUnion. The goal here is to identify any negative or inaccurate information that might be dragging down your credit score. These could include: • Late payments • Charge-offs • Collections • Bankruptcies • Incorrect personal information • Duplicate accounts With awareness of what's presently on your report, the program sets a platform for the creation of an improved plan...