Having a poor credit score is one of the most common problems people have today. A bad credit score can lead to rejected loan and housing applications, as well as a higher interest rate.
Increasing your credit score can be done on your own, or through a credit repair company. If you want to improve your credit score without using a third-party, there are a few steps you should follow. For one, check your credit report for accuracy. Additionally, setup payment reminders, reduce the amount of money you owe on your credit cards, and pay your bills on time. Unfortunately, working to improve your credit score on your own can take time; it is much faster to enlist the help of a company that specializes in credit repair.
A credit repair company's mission is to remove negative items from your credit report to ultimately increase your FICO score. Having a high FICO score makes it easier for an individual to acquire a vehicle, mortgage, and even insurance. Once enlisted in a credit repair program, the company will pull your credit report from the three main credit bureaus. Then, they will locate the damaging items that should be removed from the report; this includes things like repossessions, late payments, and foreclosures. As the negative items are removed, your credit score will begin to increase.