What is Credit Repair?

Generally speaking, credit repair is the process by which your credit score is improved by changing information contained in your credit report. This process is not an overnight fix to your credit problems since it is not usually one event alone that causes your credit score to drop and bad credit oftentimes occurs over time. Granted, a foreclosure, a bankruptcy or a judgment can be considered a discreet event, however, it probably took a long time to cause that discreet event to occur. Likewise, true credit repair takes time. So, be patient.

Your credit score is improved not only by changing bad or negative entries on your report, but by adding good ones and using your existing credit more wisely. For example, keeping your unpaid credit card balances under 25-30 % of your available credit limit is crucial in order to show potential creditors that you are using credit wisely. Additionally, adding lines of credit and paying them off or keeping the balances lower than 25-30 % also can increase your credit score. However, you need to analyze whether adding a credit line is advisable. For example, you don’t want to open an account if you don’t have the necessary restraint to keep the balance low.

The credit repair lawyers at Garg & Associates utilize all available tools at their disposal to repair and to restore your credit. Additionally, the Garg & Associates credit repair attorneys advise you on ways to continue your credit score growth and how to avoid common pitfalls in re-establishing your creditworthiness.