Banks are tightening up mortgage-lending standards and as a direct result, credit-repair companies are seeing a rise in business coming from people who need to clean up their credit reports so they can obtain a mortgage. If you watch TV commercials, you might be apt to believe that these companies are your only chance at redemption.
But, credit repair companies don’t actually offer everything you need in order to repair your scores. You need to tackle the issue from multiple angles, become educated in the industry, and above all else – persevere. In the end, you can do it yourself.
There is no quick fix. Instead, one of your best bets is to find lenders willing to work with people who have bad credit, make payments on the new accounts in a timely and responsible manner and then slowly watch your credit score repair itself. Sites like BadCreditOffers.com are basically a clearinghouse for finding products that are appropriate for your needs. Home loans, personal loans, car loans – you name it and there are companies you can go to and find programs that allow you to borrow, despite your current credit rating.
Take the initiative and you will find that with a little work, you can raise your own credit score.