Do credit repair products really work? The credit repair services that have been around for a while know the rules surrounding credit repair and know how to navigate those rules to raise your credit score. There are many instances where credit repair can help give your score a bump. The main function of any credit repair service is to remove errors from your credit report. These errors could be caused by lender reporting or simple mistakes in your personal information. Any of these items will affect your credit, so if you believe there are errors in your report, you can benefit from the help of a credit restoration company.
A little known fact about your credit report is that every detail needs to be verifiable. For example, if you have a negative item on your report from a lender who no longer exists, there is a chance that if the credit bureaus were to call to verify the information on your report, they would get no answer. In that case, they are required to remove it from your credit report. This is a loophole that credit repair services will use to raise your score.