Credit repair is the act of restoring or correcting a poor or lower than normal credit score. Credit repair can also involve paying a reputable company to contact the credit bureaus and point out anything on your report that is incorrect or untrue, then asking for it to be removed formally.

Credit counseling is a program for people who have trouble managing their debt. Credit repair is related to making changes to improve your credit rating. Each of these services is available in different states. Cents Savvy focuses on both credit repair and credit counseling services.

Perhaps one of the most obvious signs that it's time to consider credit repair is if you've been consistently rejected for loans or credit cards. Lenders and creditors will use your credit score to determine your creditworthiness as part of your application and a low score can result in higher interest rates or immediate denials of credit.

We will assess your credit situation by reviewing all credit reports from the 3 major credit bureaus who report your credit history including Equifax, Transunion, and Experian. We identify all negative items that are errors, inconsistencies, and non-compliant items. We then draft and process letters sent to the credit bureaus to perform an investigation on the accuracy of these items, in efforts to get them deleted from your credit reports. We use the appropriate credit laws under the Fair Credit Reporting Act to dispute your negative credit items.

Credit repair companies offer to “fix your credit” by removing negative items from your credit report. They file credit disputes related to negative items on your behalf with each of the three major credit bureaus to get the information updated and removed.

Credit counseing is designed to rebuild your credit. There may be temporary changes in your credit report as items are deleted and updated. You must stay the course and know that ultimately the goal of credit couseiling is to permanently remove inaccurate information from your credit reports.