Free Credit Repair Information

As a consumer in todays tough economy the idea of purchasing everything with cash and leaving nothing to credit is impossible. Though when we start to purchase all of our items with credit the side effects can become costly and cause us to obtain a severely damaged credit profile in the event that we are unable to keep up to date payment schedules on all cards. Therefore we must find a way to repair our credit using either a credit repair business or by ourselves through the process of free credit repair. Both methods entail the same procedures however as you have most likely already noticed, the free credit repair option involves the consumer actually making the repair to his or her credit report, whereas hiring a credit repair business would entail hiring a company to do so. Their are obvious advantages and disadvantages to both scenarios.

First and foremost free credit repair is just that, free, meaning that if you are in deep credit card debt you will incur no greater fees to get yourself out. Contrarily if you are unfamiliar with the process of contacting creditors to set up payment plans, or if you are unaware of how to remove mistakes from your credit report the plan could very easy backfire.

On the other hand if and when you decide to hire a credit repair company you are paying an additional fee, generally around $500 per year to have them do the work for you. This means less stress, and as long as you are able to hire a reputable company you can rest easy knowing they are going to take care of it properly.

At the end of the day, the easiest way to stay out of this type of credit card mess is to only have one, maybe two pieces of plastic and be sure to pay off each card in full every month. If you do not feel like this is an option, then you may be better off not owning a credit card in the first place.