Credit Repair

Business, Legal & Accounting Glossary

Definition: Credit Repair


Credit Repair


Full Definition of Credit Repair


The process of working with credit bureaus and creditors to improve a person’s credit report as a way of increasing their FICO credit score. The steps necessary to improve a person’s credit may be done by a single person or some type of credit repair agency. These steps usually include examining all the debt that a person has acquired and then devising a plan to reduce or eliminate the debt. Credit repair is especially important to people that are trying to receive better credit options including competitive interest rates.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/credit-repair/
Modern Language Association (MLA):
Credit Repair. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/credit-repair/.
Chicago Manual of Style (CMS):
Credit Repair. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/credit-repair/ (accessed: March 28, 2024).
American Psychological Association (APA):
Credit Repair. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/credit-repair/

Definition Sources


Definitions for Credit Repair are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.