Guide to Personal Credit Repair Programs

There are two primary types of credit improvement products for the personal credit market (as opposed to the business credit market).

When you initially apply for business credit (such as lines of credit, or business credit cards), your personal credit will be checked.

In addition to being good for your personal finances, getting your personal credit in shape is good for your business.

There are so many credit repair products out there, it's hard to know which ones to consider.

Fortunately, we can divide the types of credit repair products into two main categories. These categories are based on what aspect of your credit needs to be fixed

The first type of credit improvement product works by giving you the tools to successfully remove negative information from your credit report.

These methods work to remove negative information that is in error, as well as removing "legitimate" negative information.

The reason is that under federal fair credit laws, credit reporting agencies must, if challenged, prove that the negative information on your report is correct.

In other words, once you challenge a negative items on your credit report, you are "innocent until proven guilty".

Once you initiate the process of challenging items on your credit report, the credit reporting agency must prove the negative items to be correct. You are not forced to prove they are false.

Obviously, it's not always easy for the credit reporting agencies to prove the accuracy of negative items on your report, so the law of averages says that if you challenge all the negative items on your report, at least some of them will be dropped for lack of evidence.

If you have a credit report with many negative items (foreclosures, charge-offs, etc.), then using one of these systems can be helpful to improve your personal credit.

One of the biggest advantages of these programs is that many of them walk you through step by step the dispute process, including providing you with forms and sample letters.

This is invaluable. As an attorney, I use forms everyday as a starting point for more detailed and customized work. There is no need to reinvent the wheel.

The few dollars you spend on these programs is worth it just for the forms and sample documents alone, as we all know that trying to draft your own documents will be so frustrating and time-consuming that few will actually do it at all.

See the links below for a more details on each credit repair program:

Credit Repair Program Name	Cover Image	Price
Credit Secrets Bible		$67.75
37 Days To Clean Credit		$37.00
24 Hour Credit Repair		$47.00

The second type of credit improvement product helps you game the credit scoring method, and tell you the best type of credit to obtain, and the actions to take, to raise your credit score the fastest.

For example, it is well known by credit experts that paying down credit card balances increases your credit score far more per dollar spent than paying down extra principal on your mortgage.

So, for example, if you get a tax refund tax for $1,000, you will improve your credit score far more by paying down $1,000 worth of credit card debt with that $1,000 than to prepay a $1,000 on your mortgage or car payment.

Because the credit scoring systems are very complicated, there are a ton of rules, exceptions, and counter-exceptions.

If you are sure there are no erroneous negative items on your credit report (see the products above), and want to increase your score the fastest possible, these types of credit improvement products can be useful.