Credit repair is the process of identifying 

negative information pertaining to the credit 

report of an individual and eliminating or 

fixing any mistakes that may have 

led to a bad credit rating.

The process by which a person or business 

improves their ability to borrow money, 

for example, by correcting wrong information 

in their credit report or reducing their 

amount of debt more quickly.

It is the act of restoring or correcting 

a poor credit score.

Before you can begin to understand 

the importance of credit repair, you first 

must know what your credit report looks like.

You can start by requesting a copy of your 

credit report through one of many free credit 

reporting services online, search google 

“free annual credit report” and then 

make your selection.

Now that you have acquired your credit report, 

review the information listed to see if everything 

is accurate and that all items belong to you.

Note…. any items that do not belong to you, 

whether name, address, or account you have the 

option to dispute it and once investigated the item 

can be removed from your credit report.

After you have identified the items to be disputed 

you can see who and how much you owe.

Knowing who and what you owe is important 

so that you can see firsthand what is needed 

to begin your credit repair process.

Make a list of the creditors you owe, 

include the name of the company, phone number 

and date the accounts were opened according to 

the credit report. Now you can call to see what 

options are available to resolve the account. 

Usually, the creditor will allow you to make 

payments and or even make settlement offers 

that will clear the account and once paid 

in full, will be reported to the credit agency 

to show the account has been satisfied.

Before you commit to any payment arrangement 

or make a settlement offer, be sure to review 

your current budget (income and expenses) to 

determine an amount you can afford to pay 

monthly or in lump sum..