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Credit Help: Professional Help or Self Help

By: Michael Millington

Dealing with debt can create many issues for your personal finances. One of those issues is the decline of your credit score and credit rating. The more debt you accrue and the longer you hold onto it, the more your credit rating will decrease. This can, in turn, become an obstacle for you should you want to use credit in the future. More people now use credit for large purchases than ever before. For these reasons, credit help is available for those who look to repair their credit. As with many forms of help, there’s the professional route and the do-it-yourself route. Here we will discuss both methods and how you can be effected by each approach.

Professional Credit Help

Receiving professional credit help comes in many different varieties. From legal help to free education, credit help takes many forms. Depending on your grasp of your finances, some forms of help might be a more or less helpful than others. When looking to repair your credit, legal teams can lend assistance to your goal. Not only can they help you pay off some of your debts, they can follow up with credit bureaus as well. This will make sure the credit bureaus will accurately report your debts being paid. This will, in turn, result in your credit score increasing.
Aside from this, you can also seek credit counseling in order to educate yourself on your finances. While you would have to pay many professionals for help, you can find credit counseling services for free. A credit counselor can assess your finances and let you know the best ways to get yourself out of debt. Unlike other forms of debt relief, credit counseling doesn’t have a drastic effect on your credit. Learning how to improve your financial habits will have a lasting effect as long as you continue to use the skills you learn.

Do It Yourself Credit Help

Digging yourself out of debt is one thing. Doing the same with a negative credit record can be slightly harder. Having your credit rating change can take some time to have happen. While many people choose to leave credit updates to professionals, it is possible to do so on your own. There are multiple free and paid services that allow for constant credit monitoring. Should you see something off about your credit record, you can reach out to the bureaus as well.
There are many online resources that can teach you how your credit score is made. Once you know this, you can take a look at your credit report and act accordingly. You can request your credit record once a year for free. You also can request your credit record after being turned down for a credit card. Once you have your debts laid out in front of you, you can make a plan to eliminate your debts. This requires some discipline, but you’ll be more inclined to maintain your eventual success by doing this on your own.