Struggling with bad credit? Don’t worry!! You are not the only one, these days it’s very common to be a victim of bad credit. Almost every American is facing some kind of credit issues. A majority of the population is dependent on credit cards. It goes without a question that credit has made life easier. However, there are many downsides to taking a credit. If you do not repay on time, you can damage your credit score.
Credit Repair websites offer a user-friendly online interface through which one can fix errors in a credit report, monitor your credit score and more. Credit repair resources shower you with plenty of tools that are handy for fixing credit. It doesn’t matter whether you are a person or business, these credit repair sources would prove beneficial.
Fortunately, there are enormous ways to repair your credibility. You have already taken the initiative to seek help. We are here to walk you through these 10 credit repair resources, they will get you on your way to credit heaven.
Best Credit Repair Sources
Get your credit report
There is no problem without a solution, but to fix a problem knowing how bad the problem is very important. First, you need to get your credit report from each of the three major credit organization- Equifax, Experian, and Transunion. Be very careful when analyzing your credit report, focus on major factors that led to bad credit score.
1)sometimes people are not aware of the amount of debt they owe, so get a clear picture of the amount you owe.
2) The information collected by the three bureaus about consumers might differ, resulting in varying credit scores between bureaus which results in reporting the error.
3) your credit utilization ratio or debt to credit ratio it is the amount of your outstanding balance compared to your credit card limit, it has a very adverse effect on your credit score. The best debt to credit ratio is 0%, means you are not using any of your credit cards, a good credit to debt ratio is generally below 30%, which indicates you are using less than 30% of the total credit available, and above 30 % has a very negative impact on credit score. So keep these things in mind in order to balance your credit score. You can get your credit report from each of these credit bureaus it would cost some amount or may be free in some cases.
So to repair your credit, begin with the three most reliable credit reporting agencies , Equifax is one of them , it provides solutions to individual, help them to get credit report and score, it gives credit protection, monitor one’s FICO credit score, plans to get out of outstanding amount easily and monitor one’s progress. It tries to keep an individual report clean and error free. Cost:$19.95/month.
Experian, second of the three credit bureaus, it provides credit monitoring and tracking services. It updates credit performance of the customer and helps an individual to deal with bad credit by giving ideas and work with them to resolve their problem quickly and eventually helping you repair or improve your credit score. Cost:$15.95/month.
It also offers credit monitoring services, by logging in you can have unlimited access to your TransUnion credit report, credit monitoring and protection, it has expertise in analytics and other tools to monitor and protect your credit score and report.
But if you want to get your credit score checked for free, then we are here with the three best online credit score tools ’Credit Karma, Credit Sesame, Quizzle
At Credit Karma, one can find credit monitoring services for free. It makes things easier, by allowing you to access your credit reports and scores anytime. Apart from this, you can also login up for free automatic credit alerts, email alerts help you with tracking and protection, one of the main advantages of credit karma is that it tracks your credit report based on two different credit reports, one from TransUnion and another one from Equifax. It analyses your data and gives suggestions that could help you save money.
It helps you get your credit report and score for free every three months and you don’t need to put a credit card on file. It also offers credit builder tools for free.
Credit Comparison– comparison helps you analyze and understand the reason why your credit score went down or up, it helps you compare your last four credit reports.
Score Analysis– it helps you analyze your credit score and recommend ways to repair it.
Credit Timeline– with the help of charts and graphs, it gives you a clear picture of how your credit score changes over time.
Credit Trending– it lets you track the direction of your credit.
It provides credit monitoring for free, you are required to sign up and will get you credit analysis, loan recommendations, credit report along with credit score. It also provides theft protection through email alerts.
Here are some additional benefits provided by credit sesame:
- Free identity theft protection: just sign up and avail this service
- Mobile apps: it has its own app, lets you access the information available on the website through iPhone or Android mobile.
- Provides best rates prevailing- helps you find the best rates for personal loans, investment accounts, and auto insurance policies.
Federal Trade Commission (FTC)
It suggests you about your bad credit, good credit, recommend ways to fix and repair it. They give you an idea about how to deal with debt and credit issues.
It provides service that gives you access to your FICO score from all three major credit organization, offers protection from frauds through email alerts, gives suggestion and tips on how to improve or revamp your credit score. Cost$24.95/month.
National Foundation for Credit Counseling (NFCC)
The national foundation for credit counseling (NFCC) provides online, over the phone, in person credit counseling session throughout U.S. It helps you fix all debt and money related problems, lets you address the root cause of your debt problems. It has certified credit counselors to give advice and solutions to their consumers.
Credit repair does not take place over a day. These credit repair sources would help you to track your credit activities and work towards fixing the major errors. Here, one can also find assistance to build a good credit score.