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Maybe you’ve heard about credit repair companies and are wondering if they can help? Be careful:
many are scams. Is the information on your credit report correct or just not so good? Please take
note: No one promising to repair your credit can legally remove information if it’s both accurate
and current. But there are steps you can take to fix mistakes and improve your credit. Here’s what
you need to know about fixing your credit.
• Your Credit History
• Your Free Credit Reports
• Credit Repair
• What To Do If You Paid A Scammer

Your Credit History

Your credit report has information about whether you pay your bills on time, what loans and credit
cards you have, and the amounts you owe whether you’ve filed for bankruptcy The more positive
information you have in your credit report, like timely payments and low credit card balances, the
better your credit will be.
Find out what your credit history looks like by checking your credit report. The strength of your
credit history also affects how much you’ll have to pay to borrow money. If there’s a lot of negative
information in your report, you might have to pay more in interest.
Most negative information will stay on your report for seven years, and bankruptcy information will
stay on for 10 years. Companies that promise to repair your credit can’t remove truthful
information — it takes time to go away. There are exceptions. In certain situations — like when
you’re being considered for a job paying more than $75,000 a year, or you’re trying to get a loan or
insurance valued at more than $150,000 — a credit bureau may include older negative information
on your report that wouldn’t show up otherwise.
Your Free Credit Reports
Consider getting your reports at least once a year. You can get your free reports from each of the
credit bureaus at once, or you can spread them out throughout the year. Each of the national credit
bureaus — Equifax, Experian, and TransUnion — is required to give you a free copy of your credit
report once every 12 months if you ask for it at, or by calling 1-877-322-

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