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Repairing your credit is vital. Without good credit, you lose much of your purchasing power. As a modern consumer, good credit is the key to enjoying your life. Without good credit, you can find it difficult to buy a home, a car, get a job, get a credit card, or even to get a personal loan. Of course, you don’t have to have credit to survive, but that prospect is not particularly appealing. If you have poor or bad credit, then credit repair services are probably of great interest to you. Are there free credit repair services that you can use?
Actually, everything that a credit repair service can do for you, you can do for yourself at no charge. Free credit repair services are available, but they may differ from your mental image of what these services will provide. For instance, a credit repair service that does not charge a fee will most likely provide you with counseling on your spending habits, tips to making the most of your credit report and detailed steps that you can take to correct your credit on your own. This type of repair service offers valuable assistance and can help you get your life back on track.
Beware of any free credit repair service or pay service that promises that they can wipe your credit history clean of blemishes. These services employ illegal methods to change your identity, not clean your credit. There is no way to remove legitimate debt from your credit report. If you have debts in collection, wage garnishments, tax liens or bankruptcies in your past, the best hope of removing them is to pay them off and then wait for them to fall off your credit report. As a note, it takes 10 years for a bankruptcy to be removed from your credit report and about 7 years for a delinquent bill in collections to fall off.
Free credit repair services can be of immense assistance to you, but it is just as easy to do it on your own. Under federal law, you are entitled to one free credit report each year from each of the three major credit bureaus. These are Equifax, Experian and TransUnion. You can apply for your free credit report at AnnualCreditReport.com and begin rebuilding your credit rating on your own, without the risk of using any credit repair services.