While one in three UK residents has some form of bad credit
on their credit file, the vast majority still hold the view
that repairing their credit is just some hype or myth, the
truth is that credit repair in the UK is very easy to do
yourself.
There is still so much incorrect information about credit
repair that people have become convinced that if they have
bad credit then there is nothing they can do about it. If
people really knew how easy it is to repair their credit
report I am sure they would happily spend the short amount
of time it takes to do what is needed. After all, we live
in a society where credit is a major factor.
If you have a bad credit score then you will experience
difficulties in obtaining such common things as mobile
phones, bank accounts, overdrafts etc. Having a good credit
score is a very important part of life simply due to how we
live.
Maybe one of the biggest problems which prevent many people
from having good credit is the lack of available
information on the subject. It is very easy to get into
financial difficulty which can negatively affect your
credit rating but getting back out of this situation is
just as easy when you know how.
This is where the term 'credit repair' comes to mind - but
the term conjures up thoughts of cowboy companies ripping
people off by making claims which they cannot back up.
Maybe it is this which makes many people think that it is
impossible to repair their credit report.
In truth, repairing your credit simply means that you take
actions which cause positive credit information to be added
to your credit report. It's the opposite of taking an
action that causes negative information to be added to your
credit report. If you have a loan where you have made all
payments on time and in full then this will add positive
information to your credit report. This will help to raise
your credit score.
If you do not meet your loan repayments on time and in full
then this will add negative information to your credit
report. This will in turn cause your credit score to drop
which affects your overall credit rating.
Once you understand this basic concept, you will appreciate
how you can use it to help repair your credit if you
currently suffer from a bad credit rating. Credit repair
isn't just about having bad information removed from your
credit report; it's about adding as much positive credit
information to your credit report which will help to
improve your overall credit rating.
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View our exclusive online video that shows you just one way
in which your credit report is used against your without
your knowledge at
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