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It is virtually impossible to be an adult and not either be in or have been in debt at some point in your adulthood. There are student loans, home loans, car loans, credit cars and medical bills that all require financial attention. There is no reason to be ashamed of being in debt. In fact it is actually far weirder to be an adult and not be in debt. Of course, because debt is so common and the average income is not raising as quickly as some of us hope it would, it is also very common for debt to become a problem. More often than not, people will fall behind in their debt payments and get overwhelmed with the amount of money they owe. All of this debt drags down credit ratings and it often becomes mighty tempting to find a professional credit repair service to help you sort out your finances.

Professional credit repair is a growing industry and should be regarded with a fair degree of wariness. It is actually much more prudent to repair your own credit. Here are a few reasons why professional credit repair might be the wrong way to go:

It is very hard to tell the professional credit repair scams apart from the legitimate professional credit repair companies. A lot of people have lost a lot of money by paying a professional credit repair operations that turned out to be scams.

Professional credit repair is often looked at with disdain by the credit reporting agencies. Depending on the method of professional credit repair you use, some people might view this mark on your credit history the same way they would view bankruptcy. In fact, in some states, using a professional credit repair agency is akin to declaring Chapter Seven bankruptcy, a black mark that will stay on your credit record for a very long time and is nearly impossible to recover from.

Often, professional credit repair companies are only looking to make a profit off of your financial difficulty. Not only will you be paying your debt "through" them, but there is also a very high likelihood that you will be paying additional fees and commissions to your professional credit repair counselor.

It is important that your credit score be accurate and that you have the best score possible. The best way to do this is to keep track of your credit yourself. Make sure that you make all of your payments on time and that you keep track of changes that are made to your credit report. Report all of the mistakes and unauthorized changes you find to your report to the three major credit reporting agencies. They are required to investigate report challenges and to remove any debt that cannot be validated. Sure this takes a little bit of time and effort on your part, but in the long run it will be cheaper for you than professional credit repair and will look better on your credit history as well.

Credit in Minutes Tip #1

Stay on top of your credit report. Most credit reports contain errors. Make sure you check your credit report every year (you get one free credit report every twelve months) and if there are errors make sure to challenge them with the reporting credit agency. Credit agencies are required to investigate each and every challenge that gets reported.

Credit in Minutes Tip #2

Just because you qualify for all of those credit cards does not mean you should get them. A person with too many credit cards looks sketchy in the eyes of a potential creditor. Think of it this way: if a person is financially stable does he or she need ten different credit cards? Wouldn’t just one or two suffice?

Credit in Minutes Tip #3

The best way to raise your credit score is to make all of your payments on time. It sounds too simple to be true, but that’s all there really is to it. Staying out of debt and/or making all of your debt payments on time will keep your score up where it should be.

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