How Much Does It Cost to Repair My Credit?

The Balance
Latoya Irby

If you’re living with bad credit, you know how tough it can be to do anything credit-related—get a credit card, rent an apartment, or find a decent rate on car insurance. But even if your score isn’t bad, there’s probably room for improvement. Especially if the information dragging your score down is inaccurate.

While you have the ability to repair your own credit, using a reputable and professional credit repair company is an option—if you can afford it and can verify that the company is legitimate.

What Is Credit Repair?

The Fair Credit Reporting Act gives you the right to an accurate credit report, allowing you to dispute credit report information that’s inaccurate, incomplete, or cannot be verified. Credit repair is the process of removing this type of information from your credit report with the goal of improving your credit score. Credit repair companies dispute information on your behalf to do so. 

One in four consumers has an error on their credit report that could affect their credit scores, according to the Federal Trade Commission.1 These errors can make it more difficult to get approved for credit cards and loans, and can negatively impact interest rates and terms.