The fast way of fixing your credit

Any body that has tired to mend an error in their credit report will know that it is a slow and arduous task.  But do not despair; there is a solution, a credit service that claims to fix credit mistakes in 72 hours flat.  Sounds fascinating doesn’t it!  They are known as the Rapid Re-scoring Service, and are a growing part of the credit-reporting agency.  Mortgage lenders or brokers who are trying to get better loan terms for their customers usually use their services, and by removing these errors a borrowers credit score can be dramatically improved, enabling them to get a better loan and a better rate.
             
However, with all advantages come disadvantages.  They are as follows: -

The results are not guaranteed.

Removing an error from your report, may, or may not have an impact.  There are still too many unknown factors about the credit scoring system to predict how scores will react to certain changes.

Proof of fault is necessary.

Generally, proof of error comes in the format of a letter from the creditor admitting a fault.  It is advised that you as a consumer have such a letter to hand, even though some re-scoring services will contact the creditors on your behalf to arrange to get proof. 

This service cannot remove errors in dispute or those that are true negative entries.

Rapid re-scoring can not help you erase your past credit history however much you hate it, and it cannot win your case if you are fighting against a creditor or lender.

You can’t use this service on a day-to-day basis.

Rapid re-scoring companies work with mortgage lenders and brokers, not with the customer or consumer.  If you are ever offered ‘instant credit repair’ directly, then it is almost certainly a scam.