Where to Find Free Credit Repair Service?
With all the offers out there to "erase blemishes" on your credit report and "give you financial freedom," you might be wondering if there are any free credit repair services available. After all, there must be some people who are beyond the reach of traditional credit card debt reduction services and there must be someone to counsel you on whether or not spending money to repair your credit is worth it, in your case. In fact, there are plenty of free credit repair and actions you may take yourself.
The first step toward credit repair is getting your free online credit score. Thanks to the Fair Credit Reporting Act, you are legally entitled to one free report each year from each of the three main credit bureaus, which are Experian, Equifax and TransUnion). On your credit report, you'll see whether or not you have a high or low credit score, as well as all the outstanding debts you owe, people who have checked your credit report, loans you're paying off and other financial information that is readily visible to loan officers. It is important that you check this report each year to make sure all of your financial records are up-to-date. Any past late payments, collection accounts or blemishes will be on your record for seven years, but your account status should be updated and your score should reflect your recent activity. It's not unusual to find errors or dated information, so keeping your records accurate is one way to repair bad credit.
Sometimes, finding free credit repair involves just knowing where to look. Non-profit counseling services are often offered locally by universities, military bases, law offices, credit unions, banks and housing organizations. Two of the housing organizations that offer free financial counseling include Neighborhood Housing Services at www.nw.org and HUD at www.hud.gov. Their goal is to help people with bad credit debt become eligible for affordable home ownership again. There are state programs that can help if you're having trouble paying your heating or water bills, so you can get ahead and prevent further damage to your credit report. You may feel alone and drowning in debt, so finding free assistance can be a huge relief.
Once you check your free credit reports at www.annualcreditreport.com, you can let the bureaus know about any errors on your record. They will then review your file and request corroboration with your creditors. If the creditor does not respond within 30 days, then often the bureau will update your files for you based on the evidence you provide. This is as good as free credit repair gets. When you fix your credit, you open doors.
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Credit Repair Services
Debt consolidation credit services will set you up with a loan to pay off your annoying creditors. If you charge everything and allow your purchases to pile up, find yourself using one card to pay off another and can't escape the accumulation, then a consolidation loan is probably the best way to put a stop to your out of control spending and repair your credit.
