You have 3 choices when confronted with a bad credit score: you can take the time to learn how to repair your credit yourself, you can pay someone to do it for you, or you can do nothing and wait years for your credit to hopefully improve on its own.
Since you are reading this let's assume you've already decided to do something about your credit so option 3 really is not an option. Congratulations, most people don't get that far. Most people with a poor credit score think there is nothing that can be done.
So now your two options are to try to repair your credit report on your own or to get help. There are definite pros and cons to each.
Repairing your credit on your own may be the best way to really learn the credit system, how the credit reporting agencies work, and how your credit score is constructed. This is information that, once acquired, can be useful for years to come. And on top of that, fixing your credit on your own is something you can do at little to no cost. But fixing your credit on your own does have its drawbacks. Credit repair is rarely simple, especially when you have a long way to go. The big three credit bureaus make it seem like removing negative information on your credit reports is as simple as filling out a form on their websites, but make no mistake, those forms are for their benefit, not yours. For someone new to credit repair, successfully repairing a low credit rating will take a lot of learning and a lot of time corresponding with credit bureaus, creditors, collections agencies, etc. There is a reason why so many people who try to repair their credit eventually turn to a credit repair company to finish the job.
Legitimate credit repair companies have invested the time and resources it takes to learn the credit repair process and will be able to get started on your reports right away. Good credit repair companies will also be able to give you advice about other things you may be able to do to improve your credit score such as reorganizing credit accounts.
This is not to say that there are no cons to using a credit repair service. Aside from the fact that a credit repair service is going to require a fee that will likely amount to many hundreds of dollars and you will not be getting the first-hand knowledge of how your credit works, there are unfortunately certain risks when dealing with credit repair companies. All too many credit repair clinics are fly-by-night shops in the business of taking people's money and are not as concerned about helping you out. That's why on creditrepaircompare.com we have provided the article Credit Repair Scams - 11 Warning Signs To Look For that details things to watch out for when shopping for a credit repair service.
At the end of the day, it is a decision you will have to make yourself. A good suggestion would be to start by calling a few credit repair companies and get a better feel of your options. CreditRepairCompare.com provides links to some credit repair companies we recommend and you can find many others with a quick Google search. Then, if you think you would rather repair your credit on your own, spend some time on the various credit repair forums. There you will be able to find many do-it-yourselfers who have fashioned themselves into experts in self credit repair.
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To read reviews for many of the most well known credit repair companies, please visit CreditRepairCompare.com. There you will find company descriptions, reviews, and credit related articles including information about how to identify a credit repair scam.
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