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First off, how NOT to fix a hacked credit report: signing on with a service that promises to correct the problem in a jiffy—a “sounds too good to be true” advertisement. A company that claims they will 100% fix your bad credit by removing negative information from your credit report is a bit scammy. In fact, whatever a credit repair company CAN legally do, you yourself can do.
Tips to Know Ahead of Time
Credit Reporting Agency
Creditors
Repairing errors and getting rid of accurate but negative information are not the same thing. Time heals wounds; you’ll need to let time (usually seven years) completely get rid of the bad stuff.
Should you decide to use a credit repair company, know that it’s against the law for them to lie about their services or charge you before they’ve done their job. By law they must provide a contract explaining your rights and their services, plus many other details including total cost.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
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