1. Money

How To Repair Your Credit

By

1 of 8

Introduction to Credit Repair
Woman using calculator on desk full of bills and statements
Sheer Photo, Inc/Photodisc/Getty Images
Living with bad credit in America today is possible, but it's tough. Bad credit makes many things difficult, impossible, or more expensive. For example, did you know insurance companies often charge a higher interest rate for drivers that have bad credit scores? If you're getting new utilities turned on in your name, the company will check your credit to decide whether you should pay a security deposit. We all know that banks check credit scores before they give you a credit card or a loan. As years go by, the list of companies who check your credit will probably grow instead of shrink.

Why Pursue Credit Repair?

Credit repair is critical to saving money on insurance, loans, and credit cards, but that's not the only reason to repair your credit. A better credit score opens up new employment opportunities, even promotions and raises with your current employer. If you dreams of starting your own business or just want the security of knowing you can borrow money when you want to, you should repair your credit sooner rather than later.

Do It Yourself Credit Repair

You've probably seen advertisements for credit repair on television or heard them on the radio. I've even seen credit repair signs on the side of the road. Don’t let anyone fool you into thinking you need to hire a professional to repair your credit. The truth is, there is nothing a credit repair company can do to improve your credit that you can’t do for yourself. Save some money and the hassle of finding a reputable company and repair your credit yourself. The next steps will show you how.
Related Video
How to Cut a Pineapple Into Slices and Chunks

©2014 About.com. All rights reserved.