Last year, Consumer Credit Counseling Services held 950 workshops for more than 25,000 people on topics such as, Budgeting Basics, Avoiding Scams, Credit Reports and Scores, Managing Credit & Debt Wisely, Building Wealth and Identity Theft. Through "Ccc Services", you can find get free credit repair advice online, as well as community resource listings so you can choose how you'd like to repair your credit and your financial situation too.
The first step toward credit repair is getting your free online credit score. Thanks to the Fair Credit Reporting Act, you are legally entitled to one free report each year from each of the three main bureaus, which are Experian, Equifax and TransUnion).
On your report, you'll see whether or not you have a high or low credit score, as well as all the outstanding debts you owe, people who have checked your report, loans you're paying off and other financial information that is readily visible to loan officers.
It is important that you check this report each year to make sure all of your financial records are up-to-date. Any past late payments, collection accounts or blemishes will be on your record for seven years, but your account status should be updated and your score should reflect your recent activity. It's not unusual to find errors or dated information, so keeping your records accurate is one way to repair bad credit.
Many places offering free credit repair can't really help you because they only offer vague advice at first, while trying to up-sell you to a premium membership for the "good" service. If you currently have unpaid bills and accounts in arrears, then you can benefit from credit card debt reduction or debt consolidation service.
The debt consolidation officer will contact all of your collectors and negotiate better terms for you. You'll pay them one monthly sum to cover all your debts and your debt counselor will disperse the money to all your creditors.
The debt consolidation will show up on your report, but it's much better than collection accounts or bankruptcy. A few popular consolidators to look into include My Credit Group, Lexington Law and Care One.
Finding quality free credit repair may not be simple, but there are many resources for you to turn to, listed at "Ccc Services". At the Association of Independent Consumer Credit Counseling Agencies (AICCCA), you can gain access to a list of quality counseling companies. The National Foundation for Credit Counseling is a nonprofit company that helps consumers maintain financial stability. You can avoid credit repair scams by going through these organizations, checking companies through the Better Business Bureau and not paying large upfront fees to accomplish your goals.
Visit Mike Selvon portal to learn more about
free credit repair. Your feedback is much appreciated at our
credit repair tips blog where a free gift awaits you.
