Do You Need a Credit Lawyer to Clean Your Credit History?
Do You Need a Credit Lawyer to Clean Your Credit History
?
Many people at some point have trouble with their credit history. This trouble can often lead to a reduced credit score as well as cause difficulties in trying to obtain future credit. Many of these people will turn to a credit lawyer or a company to help them repair their credit. However, instead of obtaining a lawyer you may be able to do much of the credit repair work yourself.
There are benefits to taking the time to repair your own credit. Keep in mind that lenders look at your credit report closely when determining whether you are a good risk for giving additional credit to. Insurance companies also rank their customers using an insurance score that is based on your credit score. The lower your credit score, the more you may pay for insurance, if you are able to obtain insurance at all. A score that is too low may cause many insurers to avoid doing business with you at all.
Also, repairing your credit yourself saves you money. According to the Fair Credit Reporting Act, consumers can dispute any mistakes in their credit report. This does not require the work of a third party attorney or company to do the work for you. If you are willing to put forth the time and effort yourself the experience can prove to be very rewarding.
Some credit-help companies may advertise that they can help those with bankruptcy improve their credit history. However, you should keep in mind that if you have had a bankruptcy, the only thing that will legally remove it from your credit report is time.
For $30 or less you can obtain a comprehensive credit report which includes information from all three credit bureaus. Once you have gotten this information you can do your own credit repair.