Business, Legal & Accounting Glossary
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.
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This glossary post was last updated: 20th November, 2021 | 0 Views.