As you know, countless people are being hurt by the economy and are turned loose with nothing but terrible credit. The worst thing is that they will keep this bad credit when the economy turns around and the are left to fend for themselves. Good Luck.

Only Frauds Claim They Can Get Rid of Bankruptcy

Don’t spend a dime on some service that tells you they can wholly restore your credit. Credit restoration isn’t for everyone and if you have a bankruptcy, it’s not going away for about seven years. Any “legit” bad credit on your report is there to stay.

The First Step

The first thing that you need to do is to get your hands on all three credit reporting agencies credit reports that they have on you. It’s absolutely free because they have to each give you one on demand for free once a year.

Seven Years Beyond the Last “Action” On An Account

Understand that bad credit other than bankruptcies can stay on your report for no longer than seven years (beyond the last action) that was made on the account. Understand? Seven years after your last payment, not seven years after the negative report was logged.

Credit Reporting Errors are All Too Common

The days when credit agencies can get away with a mistake on your credit report are gone. Learn the simple ways of challenging negative tiicks and use them if you find any mistakes like that. Trust me! Credit reporting mistakes are no stranger to credit reports.

Credit Cards – Both Good and Bad

Finally, after you have done what you can in these few areas, credit repair comes down to building new credit and replacing bad credit. Credit cards are a good and bad because they are great for building credit but if used wrong, they can also quickly kill a persons credit.

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