Credit repair software can help consumers achieve fast credit results in improving their credit score. The best credit repair software addresses disputed items, creditors’ negotiations, and organizes communications involved in the credit repair process.
Most people want fast credit repair, especially when the goal of buying a new car, getting mortgage, or other major purchase is thwarted by blemished credit.
Without an automated process this can be a difficult endeavor.
It’s challenging to achieve better credit scores quickly without an automated process.
Although every consumer has the option to write individual dispute letters for each error on a credit report, the best credit repair software can make the process seem as easy as clicking a button.
Credit Repair Results
Let’s face it. Consumers want results. But every creditor is different.
According to the Federal Trade Commission (FTC), a significant number of consumer credit files contain errors.
A relatively simple but time-consuming process is required to remove errors from a credit report.
Accurately reporting negative items on credit report, including late payments, charge-offs, and bankruptcy, can also be removed in many instances, depending on the date of the item’s last activity.
It may take more time and insight to remove accurate negative results. Credit repair software provides the tools necessary to manage the removal process.
Credit Repair Software and Credit Score Improvement
Choose credit repair software that offers the features you need.
Don’t believe unrealistic claims about credit repair software. For instance, it’s unrealistic to expect that FICO credit scores will improve 200 points or more in 30 days.
If your goal is to improve your FICO credit scores by 200 points, consider your individual credit situation first.
Correct errors, pay down outstanding loans and credit cards, and use no more than 30 percent of your available credit.
Ask a friend or relative with excellent credit to add you as an authorized user to improve your credit scores.
Remember, too, that the credit repair process involves managing communications with three credit reporting agencies (CRAs) and many individual creditors reporting to the CRAs.
Credit repair takes time. Credit repair software can make the process faster and easier to execute, but it still takes time.
Credit Reports and Credit Scores
Unfortunately, some credit repair software doesn’t include access to credit reports or FICO credit scores. Each of the three major CRAs-TransUnion, Experian, and Equifax-sell fee-based services.
However, all consumers may request free credit reports once per year.
There are several free sites that offer users with credit scores (sometimes referred to as “FAKO” scores in the credit reporting industry) but, if you read the fine print, the scores are for “educational purposes only.”
Your FICO credit scores may vary from these sites’ simulated credit scores.
Don’t rely on free credit score sites if you’re assessing credit scores. To monitor your credit score improvement, sign up with each of the CRAs.
Credit Repair Firms and Credit Repair Software
Many credit repair services use professional grade credit repair software. These credit repair programs are typically designed to provide the business with more software solutions.
The goal of the credit repair software is to lower the cost of managing each client.
Individual consumers want to improve credit scores. Credit repair can seem like a mystical and frustrating process without easy-to-use credit repair software.
Professional credit repair services are costly and, if you don’t require a major credit overhaul, the right credit repair software can be a smart financial investment.
It’s possible for consumers to get positive credit repair results with credit repair software.