Credit repair refers to the destructive credit repair process. The general concept is that by
getting a new credit product and consistently meeting your repayments when they are
due, you can rebuild your financial profile. This is the only way to improve your FICO
credit score.
Credit repair is much cheaper than bankruptcy filing, but it takes a lot more work. The
basic premise of credit repair is that if a creditor reports the bad debt on their credit
report, must prove that the debt belongs to you or remove it. To do this, dispute ownership
of each debt with the reporting creditor and the credit bureaus. The credit bureaus will
investigate the debt. If you cannot validate the debt, it vanishes from your credit report.
Depending on the age of the debt, a creditor can sue to recover the balance.
