Steps To Repairing A Bad Credit Score

Jan. 1, 2013 - PRLog -- Just because a consumer has a poor or bad credit history doesn’t mean they can’t get credit. Creditors set their own standards, and not all look at a credit history the same way. Some may look only at recent years to evaluate a person for credit, and they may give someone credit if their bill-paying history has improved. It may be worthwhile for them to contact creditors informally to discuss their credit standards.

No one can legally remove accurate and timely negative information from a credit report. Some people hire a company to investigate inaccurate or incomplete information in their file for them, but anything a credit repair company can do legally, a consumer can do for themself at little or no cost.

When negative information on a consumer's credit report is accurate, only time can make it go away. A consumer reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. Information about an unpaid judgment can be reported for seven years or until the statute of limitations runs out, whichever is longer.

If a consumer has inaccurate information about them listed on their credit file, it doesn’t cost anything to dispute mistakes or outdated items on a credit report. Both the consumer reporting company and the information provider (the person, company, or organization that provides information about them to a consumer reporting company) are responsible for correcting inaccurate or incomplete information in a consumer's report. To take advantage of all legal rights, a individual should contact both the consumer reporting company and the information provider.

One Company called Bad Credit MD offers free advice to consumers that are in need of improving their credit. They also have resources to lenders that are willing to give them second chance credit. Their useful self help guide on the steps they will need to repair bad credit can be found at
http://www.badcreditmd.com/repairingbadcredit.html.

Bad Credit MD, is a  free On-line information guide that helps people with credit problems in Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Bad Credit MD has been in business helping consumers with bad credit since April of 2007 and is a subsidiary of Enticing Designs Publishing.  The staff has various  backgrounds in the financial and mortgage industry.  This self-help site has over 500 pages of credit advice and articles.  Its staff has researched its information with various governments around the world to provide the most comprehensive and accurate information free of charge.