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There are many credit repair kits, manuals, guides, bibles and sometimes plain old books that claim to give you everything you need to repair your credit. While analyzing one of these “credit repair kits” on the shelves at an office supply store, I decided to indulge myself and spend the $10 to see how useful it really was.
Kit Contents
This particular credit repair kit basically outlines your rights as a consumer and gives you a wealth of information about the credit bureaus. That’s the limit when it comes to true “credit repair”. All that is provided is instructional information on how to establish and keep good credit.
Granted you shouldn’t always judge a book by its cover, but this “credit repair kit” should have pretty much covered your credit repair. The information they provide on how to develop good credit is really great, but you have to believe that the buyers of the kit are people with bad credit who want to fix it.
There is also a fair amount of information about the three major credit bureaus – Equifax, Experian and TransUnion. The discussion about how those scoring systems really affect your life. Actually you can just go to their websites if you want to read up on it.
practical use of the kit
While it details relevant credit card and credit repair laws, it does so in a very dry style. It would be better to keep it in plain english. It feels like you are reading the tedious wording of the laws yourself.
It has a list of letters that are useful when trying to repair your credit, but it also falls short of its mark. While it displays some of the more important letters needed, such as a sample dispute letter and debt verification letter, it doesn’t provide everything you might actually need, such as a payoff letter for removal, a goodwill letter, or a letter of intent. good faith letter
Decision
If you are reading this article then chances are that you have regular internet access. Everything provided in this credit repair kit is available online for free. It may take you at most an hour to gather all that information in one place.
The kit is a good introduction if you know absolutely nothing about how your credit and loan utilization affect your credit score and overall credit profile. Though again, this is information you can get for free with your free credit report. Federal Trade Commission website,
A kit like this is only worth the money if you don’t have the time or desire to search the internet for free information. However, if so, it’s doubtful that you’ll be very successful at repairing your own credit anyway. You May Want to Consider Ethical Employment credit repair Services to do the legwork for you.
A reputable company that does credit repair will not only save you time and effort; They will actually educate you throughout the process on how to establish and maintain positive credit. Whether you do it yourself or hire an expert to do it for you, it’s important to educate yourself so you don’t make the same mistakes that got you into this mess.
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