repair your credit

What Is Credit Repair?

Credit repair companies target those with bad credit and advertise their fantastic capabilities of cleaning up your credit report. Of course, these companies can provide a one-stop-shop solution to your credit score problems, but there are no-cost ways (DIY) ways to solve your credit issues.

We've dedicated this space to answering your "what is credit repair" question and divulging ways you can fix your score without paying for a credit repair company.

A Look Into Credit Repair

Credit repair is hiring a company to remedy your poor credit. They'll remove inaccurate or harmful information from your credit reports to do this.

They communicate with various credit bureaus on your behalf to remove the information. Depending on your economic environment, they may speak to banks and debt collectors to solve errors. 

While there is a lot of back-and-forth with these companies, they aim to improve your credit rating. However, keep in mind that they do not help you manage money. You pay them to enhance your credit score, nothing more.

Let's Talk Cost

As we alluded to, using a credit repair company isn't free. Although, you won't have to pay until they've delivered their service.

Generally, companies provide rates in one of two ways:

  • monthly
  • per item eradicated from your report

If a company charges monthly, you pay for the services you received over the last 30 days. On the other hand, you only pay once the information is removed with the latter method.

Avoiding The Bad, Working With The Good

Naturally, not every credit repair company was created equal. Some businesses claiming to offer these services aren't reliable, honest, or trustworthy.

Thankfully, if you decide to use a credit repair company, you're protected under the CROA (Credit Repair Organizations Act). It oversees how such businesses can operate.

You should look for companies that follow the CROA, particularly regarding the following points:

  • You have three days to cancel their services without charge.
  • They can't guarantee that they'll be able to remove information from your credit report.
  • They can't advise you to change your identity or make false statements.
  • They can't charge fees for services that aren't fully rendered.

The DIY Answer To Your "What Is Credit Repair" Query

If you don't want to spend money but still wish to clean up your credit report, you're in luck! You'll find the best ways to improve your credit score for free below:

  • Dispute errors found in your report — Download your credit reports and look for mistakes. If you find any, dispute it immediately. You can find information on how to do this on the bureau’s websites.
  • Pay off debt — Having outstanding balances on your credit card can cause low credit ratings. Paying off revolving credit quickly is a sure-fire way to boost your score.
  • Pay your bills on time — Payment history is a major influential credit score factor. Ensuring you pay your bills on time will alleviate negative scores.
  • Get as close to 30% credit utilization or less as possible — Credit utilization is the portion of your credit limit in use at a time. After payment history, it's the second most important factor in FICO score calculations. Ideally, you should whittle utilization down to 10% to see drastic score improvements.

Need Quick Money Before You've Repaired Your Credit? Get A Title Loan For Bad Credit

You now know the answer to your "what is credit repair" question. But when an emergency strikes, all knowledge tends to fly out the window. Luckily, you can get a title loan to satisfy your unexpected financial needs even with a yet-to-be-repaired credit score.

With our title loans, you can borrow between $300 and $15,000 to fund all kinds of problems, such as:

  • Medical bills
  • Overdue utility bills
  • Urgent travel costs
  • Necessary home repair

man with cash for title

The in-person process takes just 30 minutes, and you receive the money on the same or following business day.

Here's how to get one:

  1. Complete our online title loan form.
  2. Wait for a loan representative from your local Utah Title Loans, Inc. storefront to give you a call. They'll tell you about the process and answer any questions. You'll need to set a meeting location, too; we can come to you if you'd rather not head into the store.
  3. Bring your driver's license, lien-free vehicle title, and vehicle to your appointment.
  4. Wait while our loan associate examines your documents and assesses your vehicle to see how much money you qualify for.
  5. Complete the paperwork with the loan agent's help. We only need your signature.
  6. Finally, get the money you need!

Submit Your Title Loan For Bad Credit Installment Now!

Having good credit is important, but with so many factors contributing to it, it can easily be damaged. That’s why many people have looked into repairing credit. And now, thanks to our guide, you'll never need to search "what is credit repair" ever again! Complete our online request form to kickstart the title loan process the next time you need money in a pinch.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.