A credit repair solution will only be effective if the individual pursuing such solutions makes a proactive effort to avoid poor credit decisions going forward. For example, some say there is “good” debt, and “bad” debt—if you’ve got bad credit, it might be a good idea to stop vindicating poor decisions through such logic.
Additionally, there are certain degrees to credit repair solutions. Sometimes you’ve been making consistently poor choices, and sometimes you’re going to encounter a situation where your credit has been marred through no fault of your own. Two situations come readily to mind.
The Bad Roommates
The first may be a poor roommate arrangement. Say you pay your rent on time every month—but you don’t pay the landlord directly, you pay someone in whose apartment you have a shared stake. Sure, you went through the leasing agent to get approved as an official resident, but you’re splitting rent three ways.
Now those with whom you split aren’t quite as financially savvy as you. One is the “primary” leasing person, so they turn the cash in every month. Well, it’s one payment divided three ways. Say, $1,500. Say this primary leasing individual isn’t always on time with rent, and so doesn’t turn the check in till the last possible day every month.
Since your name is on the lease, each time this individual does that to you, it drops your credit. Even though you pay the bill on time, because they don’t pay the officially recorded sum on time, your credit dives. If you find yourself in such a situation, it’s easy enough to get out of. You just arrange with the landlord to pay your portion separately.
If you do that, suddenly every payment represents a positive boon to your credit, rather than a negative one. If you find yourself in a situation like this currently, either quit paying your rent at the last possible day every month, and so making it appear as though the check were late, or separate yourself from a group rent payment.
Naughty Medical Billing Agencies
Another common situation where you’re likely to lose credit is in medicine. If you pay up-front for some urgent care services of some variety, you may still get a bill for services you owe nothing on later. If you don’t pay it, the system automatically penalizes your credit—even though you don’t actually owe it.
Smarmy Wireless Groups
Cellular device companies are also notorious for this. If you pay up your services and cancel it when the contract lapses, there’s a likelihood you’ll still be billed after the fact. Even though you don’t owe that bill, if you don’t pay, it will damage your credit. Now, you can contest it, but getting the demerits removed from your score with credit agencies is tough.
Still, there are solutions; and there are many individuals looking for fast credit repair services, meaning such solutions can be found; there’s just going to be some commitment involved—as CreditRepair.co points out: “Repairing your credit when it’s not where it needs to be is a difficult task.”
Take Your Credit In Hand
Sometimes you’ll have to find an attorney to help you. Something advisable is to start building your credit through curtailing impactful activities and beginning to pay something off at regular intervals.
A mortgage, a cell bill, a car bill—anything that’s recurring. If things are bad enough, you can consolidate and obtain a separate interest rate. Sometimes, you want to obtain exterior help—crowdfunding might be a help, here.
Recouping your credit isn’t impossible, but it can be a long process. Still, the more proactive you are about it, the more expediently you can get this done.