Credit repair is a service where a company or individual attempts to get detrimental information removed from your credit reports, usually in exchange for payment. These services are promoted usually saying they help people improve their credit score, credit report, and overall credit worthiness. Credit repair is an industry that is guided by federal laws such as the Fair Credit Reporting Act which govern what credit bureaus must do in certain situations.
Credit repair companies ma y say their services are help consumers remove inaccurate or unverifiable information from their credit reports. This is ultimately good for you as the consumer because good credit repair companies attempt to get not just negative, but also harmful, accurate credit information removed from your credit report before it would be removed naturally from your credit report.