Are you tired of being denied loans because of your credit rating? Maybe you can get loans, but you’re having to pay a higher interest rate because of a mediocre credit rating. What causes that, anyway, and can a credit repair service actually fix it?

Causes of Poor Credit Ratings

You may think that a poor credit rating is caused by failure to pay your bills. Unfortunately, it’s not that simple. If you are late paying your bills, it can go on your credit rating. If a company turned you in to a collection agency, it show up on your credit rating – even if you paid the bill in full. Other things that show up are judgments and inaccurate information. In some cases, the information may be outright wrong!

The problem is, just one negative piece of information will cost you thousands in interest rates on your loans and credit cards.

Fix it Yourself

Now, you can call credit card companies and argue with them about those late payments you made a couple of years ago. This is after you go through the run-around of being transferred from one department to another, and speaking to various “managers. But where do you go from there?

Credit Repair Services

This is where credit repair services earn their pay. They know who to talk to, and what to say. For instance, those old late payments? Your representative with the credit repair service will contact the credit card company. All they have to do is ask for proof. The credit card company, or any other creditor who has turned in a negative statement about you, is required by law to produce proof of their claim. If they don’t, they have to take their claim off of your record.
The thing that most people don’t know is that often, the companies in question don’t have proof. They have it archived somewhere, sure, but it costs too much to them to retrieve it, and that’s on the gamble that they could find it, anyway. When this is the case – and it often is – the item is removed from your credit report. Problem solved!

A credit repair service not only knows who to talk to, and what to say, they have the tenacity. Creditors know this, and are far more likely to cooperate early in the process. Individuals don’t have quite as much “pull” with credit reporting agencies. But a good repair service can get in the trenches and fight for your record, cleaning it up and saving you potentially thousands of dollars in interest rates.

With your credit repaired, you can finally afford the loan for that new house or new car. You’ll no longer be treated as a high risk borrower. Get the best mortgage rate on the market. Buy a new car and get a fantastic interest rate. All because you hired a professional to track down each black mark on your credit record and erase it.