subject: Low Credit Scores Are Out [print this page] Are you wanting to learn how to fix credit and raise credit score? The options are lots, but doing it for yourself is going to be difficult. Going to a credit repair service will be dear. What should you do? My recommendation is to do it yourself but get the advantage by suscribing to the same sort of credit correction software the banks use. Didn't know this was possible?
for a number of years credit was a puzzle. Shrouded in back rooms at car dealers and hidden under cover with financial consultants, nobody would even tell you what your credit report was a lot less give you copies of your credit score. To do so was against all kinds of rules and shoppers for years were kept in the dark about what banks and the credit reporting bureau's were reporting.
little question that like today's credit files, there were plenty of mistakes dotting the reports. These reporting screw ups kept credit scores low and interest rates high, always to the benefit of the creditors. For years consumers just accepted the situation as something they had no control of.
That breed of buyer is long past and in their place is a perceptive borrower. A borrower who wants credit reports in order to study them. Today we have borrowers who need to join the financial picture because after all it's the buyer who is at last paying the bill. Banks did what they could to keep borrowers in the dark, but no more .
If you get a copy of your credit history you will see some of the Oldschool mindset. It was only in the near past that the 3 major credit reporting agencies, Experian, Transunion and Equifax, started making credit reports that borrowers could really read. They definitely aren't the best, but the language is such that the general public can understand if there are derogatory remarks or not.
Still, you've got to remember that credit reports are not meant for shoppers. This monetary activity is for lenders, reported and mixed so that you can be considered as a risk for the purposes of borrowing money. The reporting agencies won't make it any simpler for you and essentially, excepting online software, or turning to credit correction services, you are on your own. There is no manual and nobody to help you. This is the reason why I suspect programs like AVAIL will stay popular as quality credit fixing software eveoves to help average consumers at a fair price .
