Credit Repair

Credit Repair Scams
Some phony credit repair services will advise you to dispute all information in your credit report or take any action that seems illegal, such as creating a new credit identity by applying for an Employer Identification Number to use instead of your Social Security Number. 

Credit Repair Tips
If you decide to use a credit counseling agency, the Federal Trade Commission provides the following tips for choosing a credit counseling agency and questions to ask regarding services and fees and repayment plans...

Facing Credit Problems
A low credit score means you pay more for insurance might be required to make substantial deposits or may be turned down for a credit card or a home loan.  As critical as those things are, there is a serious financial hazard that is seldom mentioned that is a direct result of damaged credit.

Credit Dispute Letter
Use this letter as an example of the one you would use to dispute information that you think is inaccurate or incorrect on your credit report.

Credit Counseling
Reputable credit counseling services have some criteria you must fulfill, and although it varies from organization to organization, the basics are that you must have a source of income and a specific amount of unsecured debt.

Credit Repair Schemes
There are a number of credit card options that are aimed specifically at people who have bad credit and are trying to rebuild or repair it. There are also, unfortunately, a lot of schemes to take advantage of the desperation to get a credit card.