Most Common Myths About Fixing Credit

In this economy more and more people are facing financial problems. Many of us lost jobs and are living on savings and sometimes it is hard to make our ends meet. People late on payments, foreclose on houses and file for bankruptcy. All that impacts their credit reports, leaving negative marks on the credit history and lowering FICO score.

Today many people are looking for information how to improve your FICO score and what important is they want to do it for free. Free credit repair is possible and not that hard, but there are many myths and misstatements about it.

Let talk about most common myths you'll come across.

Fixing credit is hard.

Repairing your credit is not difficult and in fact, once you have the right information, it is very easy! By following easy steps you can easily improve your score yourself.

Credit repair is a quick process.

You can't repair your credit overnight - however, you can improve it within a couple weeks. In many case people were able to raise their FICO score within days.

Checking own credit report will hurt your score.

The truth of a matter is that checking your own report will not count against you at all! That's why it is important to get your credit report before you start fixing your credit.

Credit reports are always accurate.

Almost half of all reports contain some un-true information! Mistake are very common and getting those mistake fixed or removed from your credit report will dramatically improve your score.

You need a lawyer to fix credit report.

There is no need to waste your money on a credit repair agency or an attorney - you can do it yourself! Lawyers and credit repair service charge huge fees for what can be done without their help. You just need right information and tools.

Some credit is so bad that it cannot be fixed.

Anyone can fix their credit score - regardless of what has happened in the past. It doesn't matter how bad your credit score is because any credit can be improved.

Marriage and your score.

There is another myth about credit repair that getting married can hurt your score if your new spouse has bad credit. In reality each person's credit score is independent - even if they are married.

You can't stop collection calls.

Collection agencies have laws governing them and you have rights as well. Using a simple letter can stop all harassing calls from collection agencies.

As you can see there are many credit repair myths that stop people from having a good FICO score. Credit repair process is not hard and can be easily done by you. All you need is right tools and information. There are many credit repair sources online you can use to fix your report and there is no charge to use them. Websites are great sources of credit repair information providing sample letters you can use to remove negative information from your credit. Hundreds of people restored their credit without lawyers and credit repair companies, so can you!