Credit repair services claim to improve your credit score or fix your credit report, which contains your credit history and is used by credit providers to decide whether to approve loans or services.

Credit repair services claim they can remove negative listings or improve your credit score, but they cannot delete accurate information like defaults or late payments. Many charge high fees for tasks you can do yourself for free, such as checking your credit report, requesting corrections or negotiating with lenders. Knowing how credit reports work—and ensuring your information is correct—helps you avoid unnecessary costs and protect your financial wellbeing.

For more information visit the moneysmart or National Debt Helpline websites.