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Credit companies always appeal to consumers who have poor credit history and they often promise to erase bad credit, to clean credit reports and even create new legal identity. But can they really help in repairing bad credit history?

Here are some points to consider when deciding on seeking any help from credit repair companies:

- They collect payment for services in advance before they provide any solutions

- They do not inform you of what they can do for free; they even conceal the information regarding your legal rights.

- They advice you not to directly contact your credit report company.

- They recommend you to create a new credit report and new credit identity using the employer identification number rather than social security number.

- They suggest that you hide all information about your credit report.

Check on the above scams because engaging in something fraudulent can lead to your prosecution.

The truth is that no company can legally and accurately remove all bad records on your credit report.

According to FCRA or Fair Credit Reporting Act you can actually ask for a free credit report when a company acts adversely against you. For example, you are denied of your application for credit or insurance.

Basically, there are techniques on how to repair your credit:

1. Review and always get a copy of your credit report. Even though you have no bad credit record, you should review your credit report regularly. This will be useful to ensure that all contained information is correct, up to date and complete, and check on the information in your credit report that will affect your insurance or loan application and what amount will you pay for them. It will guard you against someone who utilizes your personal information such as identity thieves.

2. Analyze your credit report. This can let you see if there are inaccurate entries or negative listings. Most of the entries are not easily looked upon, such as medical collection. In addition, there are those reporting late payment although you have paid on time. Analyzing your report will let you ensure that no thieves are stealing your identity and using it for illegal transactions.

3. Make an entry of all the items which you find to be negative or questionable. Identify the negative and positive items on your credit report. You should also rank these items from the least to the most damaging information. Examples are:

- Foreclosure

- Repossession

- Collections

- Credit rejections

- Late payments

- Bankruptcy

- Court judgments

- Loan default

- Past due payments

- Credit inquiries

Take note that if your company does not notify you of the bad information that will be placed on your report, they are clearly violating the FCRA. You can use this act against them and you can immediately ask them to remove the negative listings.

4. Create a dispute letter addressed to the credit bureaus. Indicate the reasons why you disagree on the report and check all the items that you are questioning. You can ask for every detail that you found disputable, but you will have a hard time to get foreclosures and bankruptcies off your credit report. Be sure that the letter is sent certified or registered. This is important so that you can be sure when the letters are sent and received. The letter will also give you rights when the company will not respond on the prescribed time by the law.

5. Have a record of all your transactions; document the date when you send letters and what are the results. Track down your correspondences and have it organized. You should also note all the telephone conversations from the date and time, name of the person you talked to, her/ his position, what transpired in your conversation.

6. Let the credit bureau investigate your claims and wait for the results. Once the agency receives your letter, they are obliged to investigate it. The agency will have to resolve the dispute within 30 days, after which, the consumer shall receive written notification of the results. If the investigation results reveals error again, you can request for revision of the report

7. Evaluate the results. The credit bureau will summarize the revisions it made on your report. Compare your notes with the list from the bureau to check if the results are accurate.

8. Repeat the initial steps if you are not satisfied with how your disputes are settled. Reinvestigation is free, so request for it anytime you want.

Persistence and patience are needed because not all credit bureaus are cooperative. Once your credit report is repaired, creditors will come to see your good financial standing again.

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Having less than perfect credit does not cancel out your credit card options. In fact, just the opposite is true. These days, credit card lenders issue plastic for every need under the sun. This includes cards designed specifically for those with poor credit. By taking advantage of bad credit credit card offers, you can get back on your financial feet in no time. Read on to learn more about bad credit credit card offers.

Prepaid Debit Cards

If you have trouble getting approved for a traditional credit card, a prepaid debit card is a smart alternative. With this option, you first deposit money into your account. You can then use your card to make purchases. To help you stay on track, your line of credit is limited to the amount you have deposited. By putting money into your account and making purchases, you will rebuild your credit. For two great prepaid options, check out the All-Access Visa Prepaid Card and the Wired Plastic Prepaid Visa Card.

Secured Credit Cards

Another option for those with bad credit is a secured credit card. This type of card requires you to open a savings account. The account serves as security for the line of credit. The credit available to you is a percentage of your deposit. This usually ranges from 50 to 100 percent. If you pay off your balance consistently, over time your line of credit will increase. A secured credit card usually includes an annual fee and high interest rate.

First Premier and Orchard

Perhaps you plan to occasionally carry a balance on your card. If this is the case, there are various bad credit credit card offers available. First Premier Bank issues cards designed for those with poor credit. First Premier Bank credit cards offer low interest rates and the chance to improve your credit rating. You can be approved instantly for one of their cards. Check out the First Premier Bank Gold MasterCard/Visa to get you started.

Orchard Bank also caters to those with a poor credit history. The Orchard Bank Platinum MasterCard offers a low interest rate on purchases. It also regularly reports to credit bureaus. This gives you a chance to use your card, pay off balances, and have creditors take notice.

Both First Premier and Orchard Bank cards include a number of fees. First Premier Bank charges initial fees of $29 and $95, as well as a monthly participation fee and annual fee. Orchard Bank requires a high annual fee.

These expenses may seem high. However, it is important to remember that these companies are offering cards to those with poor credit. Most bad credit credit card offers include extra fees due to the risks involved. Yet these cards are designed to help you improve your credit rating. Once you show that you can handle these cards wisely, you can apply for other offers.

Don’t let poor credit get you down. There are many bad credit credit card offers available. Choose the option that’s best for you and then apply online. With careful planning, you can improve your credit score. Soon you’ll be in good standings once again with lenders. This can open many more financial doors in your future.

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