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It’s just a fact that more people today then ever before are being left licking their wounds with bad credit. It’s the recession/depression or what ever you want to call it. The real bad deal of it all, is that as soon as the economy turns around, you will be back in the game, so your bad credit rating will be a burden.

If They Say They Can Erase Bankruptcy, They Are a Fraud

Don’t spend a dime on some service that tells you they can wholly restore your credit. Credit restoration isn’t for everyone and if you have a bankruptcy, it’s not going away for about seven years. Any “legit” bad credit on your report is there to stay.

The First Step

The first thing that you need to do is to get your hands on all your credit report from each of the three bureaus. As long as you don’t request the credit score, it’s free. Credit scores are about 8 bucks

Seven Years Beyond the Last “Action” On An Account

Keep in mind that bad credit other than bankruptcies and such can stay on your credit fro a period of seven years (past the last “action”) that was made on the account. See? Seven years after your last payment on that account, not seven years after the negative report placed on it.

Credit Reporting Errors are All Too Common

The days when credit agencies can get away with a mistake on your credit report are gone. Learn the simple ways of challenging negative ticks and use them if you find any mistakes like that. Trust me! Credit reporting mistakes are no stranger to credit reports.

Credit Cards – Good or bad. Both

Finally, after you have done what you can in these few areas, credit repair comes down to building new credit and replacing bad credit. Credit cards are a good and bad because they are great for building credit but if used wrong, they can also quickly kill a persons credit.

Related posts:

1. SBFC Law Group Does Wonderful Credit Repair
2. How To Repair Bad Credit
3. What is a FICO Score
4. Getting a Loan With Poor Credit
5. Get Excellent Results With Credit Repair