Credit repair services do help some people, but they aren’t the right choice for everyone. However, some factors can make you a good candidate for this service. Ask yourself some questions to see if you’re a good candidate for credit repair.
First, have you noticed that your credit report has lots of errors that are hurting your score?
Do you want to have those items off your report, but you don’t have the time to put into the process?
Do you need to use your credit soon, so it’s important to resolve issues quickly?
Finally, can you afford a credit repair service?
If you answered “yes” to these questions, you might be a good candidate for credit repair.
On the other hand, you aren’t an ideal candidate if you have the time and resources to put into disputing inaccuracies.
Also, if you don’t need to use your credit anytime soon, it doesn’t make sense to pay a repair company. It also doesn’t make sense if you’re carrying high amounts of debt or your credit is bad due to missed payments and other legitimate factors. In both cases, you probably won’t see enough improvement to make it worth it.
If credit repair isn’t a good choice, that doesn’t mean all hope is lost. You can start rebuilding your credit slowly through debt relief and smart financial habits. Then, instead of just removing items from your report, you will position yourself to have good credit well into the future.