In today’s uncertain economy your credit report and the credit score have become, more than ever, important in acquiring a loan or a mortgage. If you are looking for a mortgage or a loan the lender is now more inclined to see you credit history before it will loan you any money. For that reason your credit history and your credit score should be in good status. In order to keep it in good status you should consult the three major credit reporting companies at least once each year. The three major credit companies to which we refer here are: Experian, Equifax and Trans Union. A thorough review of your credit report will keep the information updated and prevent identity theft. If there is something on your credit report that should not appear there, or if the debt listed is not yours, then an immediate repair is necessary.
Credit reports are not easy to read and understand, nor do many people know how to clean them up. If you are one of those people, then you may want to use the services of a credit repair company. Credit repair companies will do the job for you for a nominal fee. It is advisable to research the company in order to be sure that they are both reliable and responsible. Below you will find the names of two of the top credit repair companies available:
·My Credit Group.com – This company will repair your credit, help reduce your open debts and help you establish new credit, they will also show you how to budget while working with you one-on-one.
·Lexington Law – This is a consumer advocate law firm that will help you to repair your credit.
These two companies are listed here because they are reliable and responsible and have a high billing. However, you may want to search through the many credit repair companies to find one you prefer. If you do find a company you want to work with be sure to check with the Better Business Bureau regarding their status in the credit repair community.
Do not underestimate the importance of your credit report and your credit score. If you are looking to refinance your home or get a new mortgage, if you are looking to buy a high end appliance or items for your home, and if you are in the market for a new vehicle, that credit report and credit score will play a deciding role in whether you will be able to get the loan, mortgage, or product. That credit report and credit score will tell the prospective lender how you pay your bills. If you credit report is not up-to-date it will discourage the lender from helping you get the money you are looking for. Therefore, your credit report should reflect the most current and best information possible. You never know when you will need to use your credit report information so be prepared.