What is credit repair?

Credit repair is a process that involves improving an individual's creditworthiness by addressing inaccuracies and errors on their credit reports. It aims to remove negative items, such as late payments, collections, and bankruptcies, from the report, thereby increasing the individual's credit score. Credit repair involves reviewing the credit reports from all three major credit bureaus, namely Equifax, Experian, and TransUnion, to identify any discrepancies or inaccuracies. Once these issues are identified, the individual can dispute them with the credit bureaus and the original creditors. Credit repair may also involve implementing strategies to improve credit habits, such as paying bills on time, reducing debt, and managing credit utilization. The ultimate goal of credit repair is to help individuals achieve a healthier credit profile, which can lead to better borrowing terms and increased financial opportunities.