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Having a lower credit score can lead to a plethora of financial difficulties involving every aspect of life, from personal enjoyment and life’s luxuries to the provision of bare necessities.

Many people that once had a good credit score are now victims of a struggling global economy, unable to keep up with the ever-increasing mound of debt combined with unemployment and the increasing cost of living. However, fortunately there is a way to rebuild the credit score using simple routine practices that can financially reform anyone’s credit score.

Assessing the Situation

The first step in rebuilding the credit score is obtaining a credit report from one of the major credit reporting agencies. It

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There are many reasons why credit reports are requested, ranging from new business partnerships, prospective tenants or lease agreements, and  loan/credit card application approval amongst others. While credit reports are often fairly accurate, there are some instances when the information contained on the report may be outdated or inaccurate.

Fortunately, there are ways to change the information contained on the credit report. When information is found to be inaccurate by the credit reporting agency it is usually removed from the report or revised within thirty days of the complaint.

What Information Can Be Revised?

Although it is not possible to dispute the actual credit score, there are many details contained on a  credit report that can be disputed. T

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The last thing a consumer needs when struggling financially is to fall into the hands of an unscrupulous credit counseling agency.  If you’re considering using a credit counselor, shop around, and ask each agency the following questions.  More importantly, be certain that you are comfortable with their answers before you book that first appointment.  A legitimate agency is always more interested in your bottom line than theirs.

• Is the agency affiliated with a national body such as the National Foundation for Credit Counseling (NFCC) that requires strict quality, financial and ethical standards for membership?  Examples of such requirements are annual audits by an independent CPA, written action plans provided to each consumer, and consumers provided with statements at least quarterly.

• Is the agency accredited by an independent third party? Self-accreditation is not the answer you want.  An example of a reputable third party accreditating body is the Council on Accreditation (COA).  Such accreditation signifies that appropriate checks and balances are in place to protect you, the consumer.

• Is the agency a 501(c)(3) nonprofit community organization?