When you have bad credit, you basically have three options. You can do nothing, fix your credit on your own or hire a credit repair specialist to fix your credit for you. Let's take a look at these three alternatives and see when each one makes sense.

First, the easiest alternative - You can do nothing. The up side to doing nothing is that it is very easy. The down side is that if you do nothing and fail to reestablish any good new positive credit, you will be what is called a ghost in the scoring system in seven years. Since having no record is almost worse that having bad credit, this is never a good idea.

Repairing credit on your own is an idea that is really gaining in traction. The reason is that there is so much more to credit repair than most restoration companies will do for you. When you take a comprehensive approach and utilize many different strategies to improve your credit situation, you greatly increase your chances of repairing your credit quickly. Things that a credit repair company cannot do for you include: paying down debt, opening good new accounts, and arranging pay for deletes. They also do not generally provide debt validation or 623 method services. This means that repairing your own credit is generally much more effective, provided you are willing to take the time to get a solid credit education.

Still, this is not always the best idea. The reality is that most of us already have more than enough on our plates. If you don't have the time to be consistent with working on your credit file, then hiring a credit repair company makes a great deal of sense. After all, think back to option one - the worst thing that you can do is to do nothing! At least by hiring a credit repair specialist, you will begin to take positive steps towards improving your credit.

When you hire a credit restoration company, their primary function will be to dispute information in your credit file with each of the three credit bureaus. Typically you will have to be involved to some level, by telling them what to dispute. Often, you will also be responsible for sending out the dispute letters. Still, hiring a credit restoration company is much better than simply burying your head in the stand and hoping that time will heal your credit problems.
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