So many people think that once they have been through a foreclosure, all of their debts have disappeared and they can start over again with a clean slate as far as credit is concerned. Before you even begin searching for a credit repair service, you should know the basics of how the credit reporting system works It would be nice if a bankruptcy could do all that for you, but it cannot. Congress recognized the need for consumers to dispute information on their credit reports and passed the Fair Credit Reporting Act (FCRA).

If you have had to file for bankruptcy because you have been having trouble with your finances, you have damaged your credit. The problem is you don't have much money for a down payment. Credit Repair is a generic term used to describe the process of removing inaccurate, outdated, misleading or unverifiable items from your credit report.And your credit files are scuffed up with late payments.

After all, you wouldn't go shopping for a new car if you didn't know anything about how to drive or how cars operate. What you need is a service that can help put it all together for you - linking you into lists of available foreclosures, credit repair, and even low-down-payment mortgage financing.

So make sure before you begin looking for a credit repair service you understand the basics of how the credit bureaus operate, how your credit reports are created, and how they are used, and why it is your responsibility to ensure their accuracy. Although you do need to be wary of scammers when looking for a credit repair company, there are many reputable businesses that can help you fix your credit history.

Credit repair lawyers, attorneys, and other organizations spend every day of their professional lives contacting credit bureaus, studying credit repair law and attempting to remove negative entries on clients credit reports. However, before choosing a company, make sure you check them out with the Better Business Bureau and any local or state associations.