How Repairing Credit Works | Credit Cards
If you don't have a good credit score, you may have trouble getting approved for loans or credit cards, or you may only qualify for high interest rates. It makes sense to want to improve your situation right away, but fixing your credit requires patience.Companies may offer paid services for repairing credit, but they are frequently untrustworthy. Armed with time and the right information, you can figure out how to fix credit yourself."The difference is the time and the education," says Stephanie Yates, director of the Regions Institute for Financial Education and chair of the department of accounting and finance at the University of Alabama at Birmingham. "Frankly, that's how some less reputable firms make a lot of money – kind of preying on that lack of knowledge and lack of time."How t...
