Good credit is very important, because it can literally save you thousands when you make almost any major purchase that requires a loan. Your dream home, a new or used car, even credit cards can cost a lot more if you have bad or no credit. In short, having good credit can make your life easier and cheaper.

Bad credit can really cost you lots of money. People with good credit can get better rates on mortgages and loans than those who do not have good credit. Bad credit may influence your insurance rates, your career, your ability to rent a place, and even force you to pay deposits when it's otherwise not needed.

A credit report is a detailed account of your credit history, which is essentially a list of all your previous debts and how timely you paid them back. It is used by lenders to determine if they believe you are a safe bet to give a loan to. A credit report may also contain your employment history and residential history.

Paying your bills helps in the sense that your credit report will show the outstanding debt has been paid, but it doesn't remove the negative credit listing for a late debt. In other words, paying your bills helps but is insufficient if you don't work to restore your credit simultaneously.

There is nothing wrong with disputing questionable or overly aggressive practices by agencies with regards to your credit report. There are several laws which protect consumer rights and they can be leveraged to your benefit. But realize that accurate, timely, and verifiable negative credit marks are valid, and cannot be removed.

Yes. Even if the negative credit is removed from your report, the debt still stands. If you do not pay it back, the agency may re-report you and the negative credit will reappear. Credit repair is a temporary solution if you don't pay off your outstanding debts.

Fill out the form to your right, and our credit specialists will contact you to understand your situation. Our partners will try their very best to ensure that your credit score is improved in a timely and appropriate manner.