Though we all know that bad credit is not a permanent situation but we all have to accept that it could really bring us down. We get in a lot of bad situations if we have bad credit. We cannot get the house or the car we always wanted and if ever we do, lenders would kill us with very high interest rates. If we try to rent a house, landlords would ask for big deposits because of our credit standing and sometimes even employers judge us by our credit score.

And because of these reasons, many people fall prey to the advertisements of credit repair companies that are thriving online, on TV, newspapers and other media platforms. There are many credit repair companies offering to do magic with your poor credit score.