Understanding Credit Repair: Everything You Need to Know

Credit repair companies can help by simplifying the process for you, so all you need to do is submit your credit information and leave the rest to the firm. They may also be able to get better results than what you can...
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If you’re dealing with debt right now, it’s likely affected your credit as well. If this is the case, you might need credit repair to correct the errors on your report and get the credit you deserve! By removing these mistakes, you’ll be able to raise your credit in no time. 


Below, you’ll find everything you need to know about credit repair and how The Oasis Firm can help. We’ll cover a couple of things you must know before getting started.

What is Credit Repair?

Credit repair is the process of disputing misinformation on a credit report. All credit bureaus maintain their unique proprietary versions of an individual’s credit report. These organizations aim to keep and maintain accurate information. However, errors can still occur. And credit repair is the solution to this common issue, allowing you to correct these errors.

When Should You Consider Credit Repair?

Whether you’ve been living with low credit or don’t know about your current credit standing, here are the times you should consider credit repair:

  • No One Wants To Co-Sign Your Loans

You won’t likely get approved for any loans by yourself. So if you can’t get any of your acquaintances to cosign for you, it’s time for credit repair. Once your credit has improved, you’ll likely get loans without someone else signing for you. 

  • Your Credit Score Is Low

If you have a credit score below 650, you’ll likely have difficulty applying for a loan. So when your credit standing reaches that figure or below, it’s time for credit repair. 

  • Your Interests Are Continually Going Up

Credit card providers usually raise interest rates as a result of a poor credit score. When you have late payments to other creditors or have a collection account on your report, you’ll likely have increased interest. Having your credit fixed can help ensure you get the best interest rates on your credit card accounts and loans. 

  • Credit Card Issuers Are Closing Your Accounts

Although having one credit card closed by your card provider might not be a massive issue, having several can be a sign that there’s something wrong with your credit. No matter what the reason is, chances are, you’ll need to have your credit repaired. 

What Can Credit Repair Do For You?

Applying for a credit repair program gives you a chance to dispute and correct any misinformation on your credit reports that could negatively affect your credit score. If you fix your credit standing early on, you won’t suffer as much financially. 

However, if you’ve been trying to get out of debt, there are numerous errors it can create, such as: 

  • Incorrect Account Status – includes credit card accounts reflected as ‘settled in full’ rather than ‘paid in full.’ 
  • Outdated Details – negative accounts can only stay on a credit report for a set period. 
  • Missed Payments You Paid For In Time – this could happen when you arrange repayment plans with reduced payments. 
  • Re-aging – happens when debt collectors or creditors change the ‘purge from ‘date of a credit card account, causing it to stay on a report longer than it should. 

Credit repair can help you address the issues mentioned, but remember that it isn’t an instant solution that guarantees a 100% clean credit report. So if your creditor or lender verifies a negative item, then credit repair won’t help you remove it. However, errors can happen in credit reporting. They happen more often than most would think, especially when the individual faces challenges with debt.

Credit Repair Can Improve Your Credit Score

Although credit repair doesn’t guarantee that it can increase your credit score, there’s a big chance it can if a negative item or any inaccurate information is removed from your report. In most cases, individuals who have errors corrected on their reports see their credit scores improve. 

However, the amount the credit score improve can vary, which is usually based on the following: 

  • The Number of Negative Items You Have – How many negative items you have on your report and when you incurred them. 
  • Your Current Credit Score – High scores usually increase slower than lower ones. 
  • The Age of Your Negative Items -How long have you had these negative items on your report. 

If your credit report has much incorrect information, the potential credit score boost you can get from credit repair can be massive. Overall, it’ll depend on your unique situation.

How Long Does Credit Repair Take?

The amount of time credit repair takes varies, but it often depends on how fast the credit bureau responds to your disputes. However, these organizations have 30 days to respond, but in many cases, it can take as long as 45 days if they request follow-up information. Meanwhile, if you have several disputes to make, it’s best to handle them one at a time. As a result, the credit repair process can take up to 3 to 6 months. 

What Can Credit Repair Companies Do?

Credit repair companies can help by simplifying the process for you, so all you need to do is submit your credit information and leave the rest to the firm. They may also be able to get better results than what you can do by yourself. After all, reliable credit repair companies like The Oasis Firm have state-licensed attorneys and plenty of experience making disputes, so they’re more than familiar with how to make disputes – and get results.

Are You Looking to Improve Your Credit? Get The Credit You Deserve With The Oasis Firm

At The Oasis Firm, we know that you won’t have enough to handle all of these things, and that’s why we’re more than happy to help. As among the best companies in Broward, Fl, we strive to make things lighter to help you secure financial freedom long-term. 


So, how can we assist you?


We do nearly everything to fix your credit report and help increase your credit standing over time. All you must do is provide us with all the necessary documents we need and send us the response from the credit bureaus once you get them. 


Once you’ve signed up for our credit repair program, we’ll keep in touch with you and update you about the progress of your credit score through email and text. Free yourself of any financial burden by working with us at The Oasis Firm, helping you meet your financial goals in no time!

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Don’t Let Your Credit Hold Back Your Financial Dreams.