Having a good credit rating is essential for keeping your opportunities open. It can be tempting to pay someone to repair the damage, but you are your best resource. No one can legally remove accurate and timely negative information from a credit report, and anything that a credit repair clinic can legally do for you, you can do it yourself at little or no cost. You can take care of the credit repair process yourself or hire a professional credit repair company to guide you.
If you choose to hire one, you'll have to pay fees, which can vary a lot. However, there are other companies that offer credit score updates and, since your score may take a few months to update, they recommend that you stay registered and, at the same time, pay your monthly fees until you see the changes reflected in your credit report. Believe it or not, you can repair your own credit for free and you don't need to pay anyone to do it. Credit repair services promise to do just that, but there are costs associated with these services, so they may or may not be worth using. In any case, the information will only be deleted or modified if it is inaccurate. In conclusion, paying a credit repair company to fix your credit report is often a waste of money since you can challenge the information in the credit report yourself for free.
As the Federal Trade Commission explains, there's nothing a credit repair company can do for you that you can't do for yourself.