
DIY Credit Repair
The Full Picture
Credit repair involves fixing your bad credit in any way, shape, or form. But when most people use the term “credit repair,” they’re referring to the process of challenging and disputing errors on credit reports.

Credit Score
Five Major Factors that Make Up A Credit Score
- Payment History
- Credit Utilization
- Credit Age
-Credit Mix
-Credit Inquiries


Credit Repair & Rebuilding
Main Factors to remove to help your credit
- Late Payment
- Excessive Credit Utilization
- Short Credit History
-Only one type of card open
-Too many new applications
Why Credit Repair is necessary
Credit repair is necessary because of the wide range of negative effects bad credit can have on your finances and your quality of life. Here are some of the potential side effects of bad credit:
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You may find it harder to get a loan to buy a new car or home
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Bigger, well-known, reputable lenders may be reluctant to give you a loan, forcing you to turn to less preferable lenders
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Qualifying for a credit card may be difficult
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If you do qualify for a loan or credit card, you may have to pay a higher interest rate than you would with good credit
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You may pay higher insurance premiums for home, auto, or renters’ insurance
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If you apply for a job that involves handling money, your prospective employer may run a credit check, reducing your chances of getting hired
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It can be harder to rent an apartment
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Utility companies may run background checks and require you to pay higher deposits
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Bad credit can keep you from qualifying for credit cards with better rewards programs
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You may have to delay saving money and building wealth until you can repair your credit
In short, there are many undesirable side effects to bad credit and no upside. If you have bad credit, it’s in your best interests to seek credit repair.a
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