Top 7 Myths About Credit Repair Debunked

When it comes to credit repair, misinformation spreads fast. Whether it’s advice from a friend, something seen online, or past assumptions, credit myths can lead to poor decisions that damage your financial future. At Solid Foundations, we believe in educating our clients with facts—not fiction. So, let’s break down 7 of the most common myths about credit repair and set the record straight.

Myth #1: You Can’t Fix Your Credit Score

Truth: You absolutely can.
Your credit score isn’t set in stone. With the right strategies, like disputing errors, paying down debts, and building positive credit history, your score can improve significantly over time. We've seen clients raise their scores by over 100 points with consistency and the right support.

Myth #2: Paying Off Debts Automatically Removes Them from Your Credit Report

Truth: Paid debts don’t disappear.
Paying off a debt shows responsibility, but it doesn’t erase history. Negative accounts like collections and charge-offs may still appear on your report for up to 7 years. However, over time, their impact lessens—and they can sometimes be removed through proper disputes.

Myth #3: Credit Repair Is Illegal or a Scam

Truth: Legitimate credit repair is legal and regulated.
While scams exist, ethical credit repair companies operate within federal guidelines like the Credit Repair Organizations Act (CROA). We help clients understand their rights, challenge inaccurate information, and build strong credit the right way.

Myth #4: Disputing Items Will Hurt Your Score

Truth: Disputing errors has no negative impact.
Filing disputes to correct or remove inaccurate items on your credit report is a protected right. In fact, cleaning up incorrect information can actually boost your score—and we guide clients through this process safely and effectively.

Myth #5: You Can’t Repair Credit on Your Own

Truth: You can—but it takes time, knowledge, and discipline.
Yes, it’s possible to repair credit on your own. But many people find it confusing, time-consuming, or overwhelming. That’s why we offer expert help—to simplify the process, save time, and get real results with a strategic plan and ongoing support.

Myth #6: Closing Credit Cards Helps Your Score

Truth: Closing cards can hurt more than help.
When you close a credit card, you reduce your available credit and shorten your credit history—two factors that can lower your score. It’s usually better to keep old accounts open and paid off, especially if they don’t carry fees.

Myth #7: Only People with Bad Credit Need Credit Repair

Truth: Credit repair is for anyone who wants to improve their financial health.
Even people with “fair” or “good” scores benefit from credit repair. Whether you're preparing for a big purchase, aiming for better loan terms, or just want financial peace of mind, strengthening your credit is always a smart move.

Knowledge Is Power—And Credit Is Freedom

Understanding the truth about credit repair helps you take control of your finances with confidence. Don’t let myths hold you back from the credit score—and the life—you deserve.

Take the First Step Today

At Solid Foundations, we provide clear, professional, and proven strategies to help you challenge inaccuracies, reduce debt, and build stronger credit.

start creating your path to financial freedom—with confidence and clarity.