What is Credit Repair and Why Would I Need It?


Credit repair is the process of improving your credit score by addressing errors, inaccuracies, or negative items on your credit report. It can be essential for individuals facing financial difficulties or aiming to secure better credit terms. In this article, we’ll discuss the basics of credit repair and why you might need it.

What is Credit Repair?

Credit repair involves identifying and resolving issues on your credit report that may be negatively impacting your credit score. The process typically includes reviewing your credit report, disputing incorrect or outdated information, negotiating with creditors, and implementing strategies to improve your credit history.

Why Would I Need Credit Repair?

There are several reasons why you might need credit repair:

Errors on Your Credit Report

Mistakes or inaccuracies on your credit report can lower your credit score, making it more challenging to secure loans, credit cards, and other financial products. Credit repair helps identify and correct these errors, potentially leading to an improved credit score.

Negative Items on Your Credit Report

Late payments, collections, bankruptcies, and other negative items on your credit report can significantly impact your credit score. Credit repair can help you address these items, either by negotiating with creditors to remove or modify them or by developing a plan to improve your credit history over time.

Higher Credit Score Goals

If you’re aiming for a higher credit score to qualify for better interest rates, loan terms, or credit card offers, credit repair can help you identify and address issues that may be hindering your progress.

Identity Theft or Fraud

If you’ve been a victim of identity theft or fraud, credit repair can help you dispute unauthorized transactions and accounts, ensuring that your credit report accurately reflects your financial behavior.

How to Start the Credit Repair Process

To begin the credit repair process, follow these steps:

  1. Obtain your credit reports: Request a free copy of your credit report from one of the many credit bureaus listed at the NCR (National Credit Regulator): https://www.ncr.org.za/register_of_registrants/registered_cb1.php
  2. Review your credit reports: Carefully review your credit reports for errors, inaccuracies, or negative items that may be affecting your credit score.
  3. Dispute errors: If you find any errors, file a dispute with the credit bureau that has the incorrect information. Provide documentation to support your claim and be persistent in following up on the dispute.
  4. Negotiate with creditors: If negative items on your credit report are accurate, you can attempt to negotiate with your creditors to remove or modify them. This may involve settling outstanding debts, requesting a goodwill adjustment, or agreeing to a payment plan.
  5. Develop a plan to improve your credit: Implement strategies to improve your credit history, such as making timely payments, reducing your credit utilization ratio, and avoiding new credit inquiries.


Credit repair is a valuable process for individuals seeking to improve their credit score, correct errors on their credit report, or address negative items that may be hindering their financial progress. By taking the time to review your credit report and address any issues, you can work towards achieving your financial goals and enjoying the benefits of a healthy credit history.