Category: Repairs

A credit repair company is usually an organization that offers to improve the credit of debtors in exchange for a fee. The companies often promise to “handle all the heavy lifting” of working with the credit reporting agencies. Credit repair is the process of fixing poor credit standing that may have deteriorated for a variety of different reasons. Repairing credit standing may be as simple as disputing mistakes information with the credit agencies, or might require extensive work in the case of identity theft. Another form of credit repair is to deal with fundamental financial issues for companies as well as for private persons, such as budgeting, and begin to address legitimate concerns on the part of lenders. While this may be a traditional view of the term “credit repair”, rating repair can refer to many other aspects of ratings.