A bad credit report can hurt you in every area of your life. If your credit score is low, you won't be able to get low-interest credit cards or loans for a car or a house. But it's not as hard as you might think to get out of debt and fix a bad credit report. You might be able to do this without the help of credit counsellors or money managers, whose debt consolidation plans will try to get you to pay more money.
Those with bad credit are very tempted to use the services of credit repair companies. The way they advertise can look very good to people who need their service badly enough to believe it. But you can do everything that they can do to help you fix your credit yourself for little or no cost. To fix your credit report, you do not have to pay their fees.
Depending on how true the bad things on your credit report are, there are simple steps you can take to fix it. If the bad news is true, there's nothing you can do except wait. Your credit report will only get rid of that information over time. In the meantime, you should pay all of your bills on time, because late payments will hurt your credit score even more. You will also need to learn how to spend money wisely so you don't get into more debt.
If the bad things on your credit report aren't true, you'll need to send a written request to the company that keeps track of your credit to look into them. By law, they have to look into your claim within 30 days, unless they think it's not valid. There are a lot of ads that say they can legally get rid of your bad credit report. For a big fee, they can do this for you. Again, you can do anything they can do legally. Do the work yourself to save money.
