There are numerous companies and attorney services
that offer to repair or "clean-up" a consumers credit report.
Many of them are scams and rip offs and the credit repair industry in
general has a very poor reputation.
There are, however, a few companies that provide a ligitimate service
in assisting consumers with the very confusing and complicated process
of removing incorrect information from their credit reports.
In some cases, it may be to the borrowers benefit to consider employing
such a company before doing a mortgage loan. Consultation with a
qualified, experienced mortgage professional can often assist the
borrower in making such a decision.
Since many financial decisions are based upon ones
credit, it is wise to review your credit report at least once if not
twice a year. The cheapest way is to contact either Experian,
Transunion, or Equifax and have them provide you with a copy of your
credit report. Generally, these will not contain your actual scores,
but they will provide insight to your current history. To obtain
scores, you can pay a number of financial services to provide you with
a trimerged report. This would be advisable to do so whenever you are
going to make a significant financial decision such as refinancing and
purchasing a house.
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