There are a lot of people out there who are struggling with their credit. Many of them are having a hard time getting new credit because banks and financial institutions see them as high-risk borrowers. For these people, credit repair is the only way to go. But if you are new to credit repair, you might be enticed to hire professional credit repair companies to restore your credit for you. The question you need to ask yourself then is are they worth spending money on? Read on while we discuss that point.

What do credit repair companies do? Well, one of the first things they do for their clients is to get copies of their credit reports, one from each of the three credit reporting bureaus. Within these reports are the entries or items that they need to change to improve their clients’ credit standing. These are usually inaccurate or incorrect information reported by creditors and are entered as credit history. 

Inaccurate items can be incorrect client name, incorrect social security number or address, incorrect dates on when an account was opened or closed, or an account incorrectly listed under the person’s name. It could also include unauthorized accounts and unauthorized hard inquiries on new credit. Credit repair companies will try to get rid of these inaccurate entries by getting in touch with the creditors who reported them and getting them to contact the credit bureaus and have the entries withdrawn. If this fails, they will file a dispute with the credit bureaus on their client’s behalf, where they will include supporting documentation that the client will provide.

So, in a nutshell, credit repair is getting a person’s credit history as accurate as possible without getting rid of the entries that could help improve credit standing. It’s nothing that a person can’t do himself. You may even argue that the fee for repairing the credit could be put to other uses. Yes, that argument might make a lot of sense if you’re new to credit repair but you should also consider that there are some things you don’t know that these credit repair companies do. Like a deeper understanding of the country’s credit laws and how to use them to effectively repair their clients’ credit.

They are also very well-versed in dealing with creditors so that any requests that they may have regarding inaccurately reported information are processed much quicker than if it was just a client request.

But perhaps, the point that needs to be driven home is that these companies have years of experience in, and their experience gives them the knowledge on how to deal with issues quickly so their clients could have better credit, just like they asked for. And no one knows credit repair in California more than Blue Water Credit. We employ trusted experts with years of credit repair projects under their belt. For worry-free credit repair, dial (916) 315-9190 or visit our website and ask for a consultation.