The Three Ways of Credit Repair

Feb. 4, 2011 - PRLog -- If you are looking to fix your bad credit rating you have to know that there are three different routes you can go down. Credit repair can be done by yourself, by a debt management company or using a credit repair software. Let us quickly compare the three options and feature the advantages and disadvantages of each one.

Credit repair by yourself
This is the cheapest way to fix your bad credit, but unless you are an expert yourself it might take the longest time. You will have to set up a consolidation plan yourself, send letters and contact creditors, not to mention getting a copy of your credit file. After getting the information you will need to understand what is causing your bad credit and the ways to repair your credit. It is doable and completely free, however the results are not guaranteed.

Credit repair with the help of a credit counseling service
You can get in touch with a debt management company to get a free credit review. Many of these companies do offer credit repair service. This is not a free option and you will have to ask about their fees before you go ahead and sign up for a credit repair plan. The advantages are that these companies have loads of experience in fixing bad credit and negotiating with creditors. They are able to repair your credit much faster than you would ever manage to do the same work.

Credit repair using a credit repair software
If you are looking for a solution where you are in charge of your details and credit repair plan you might look into a credit repair software. These programs are set up for people who are not financial experts but are looking to repair their credit rating themselves. All you have to do is to give the software your details and it will go ahead and do the steps you need to do in order to repair your credit rating. The cost of this software is a small fraction of the total fee of a credit repair company and the results are just as fast. After you have fixed your credit rating the program is also going to help you keep an eye on it and maintain a good credit score.

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