The issue of how to repair credit fast arises more often now, with all these numerous cases of defaults and bankruptcies, spreading across the US.

Surely, this situation can be partly blamed on banks and lenders, who loaned money without much credit check, and then suddenly tightened the funds availability, creating a credit squeeze.

This is primarily the cause of many borrowers finding it hard to repay their loans, and defaulting, and damaging their credit score. From then on, before you apply for a new loan, you must repair your credit file.

The fastest way to do it is to borrow small amounts of money from non-bank lenders, where lending criteria are easier, repay the loan fully, borrow again, always serviving the loan well. This will increase your credit score significantly, and make you a financially responsible person, again.

Did you know you could get a loan to buy used car no matter how bad your credit is?
Despite the credit squeeze, there are plenty of financial institutions willing to underwrite the credit from used car dealers, who then make the finance package available to you. The only requirements: you need to buy the vehicle from their yard.

Sure, you'll pay an interest rate on your loan 2-5 percenatge points higher than the "regular" loan offered to people with high credit score (700 and above).
But, for many with bad credit rating, this is the only way to purchse a car they need to commute to work. If you credit file is particularly bad, the delaer will ask you for a higher deposit paid upfront, as this will reduce the risk to the lender, should you default.

You may want to know who are the main credit bureaus in the USA. There are three, and collectively held credit files of 217 million of Americans, and just in 2006 sold about 1.1 bilion credit reports. Why buys them? Mainly banks and financial institutions, in order to be able to assess the credit standing of their customers, applying for various forms of loans and credits.

Here's the list:

Experian
National Consumer Assistance Center
PO Box 2002
Allen, TX 75013
Ordering report by phone: 1-888-397-3743
Report fraudulent activity: 1-888-397-3742
Company's web site: www.experian.com

TransUnion LLC
Consumer Disclosure Center
P.O. Box 1000
Chester, PA 19022
Ordering report by phone: 1-800-888-4211
Report fraudulent activity: 1-800-916-8800
Company's web site: www.transunion.com

Equifax
Equifax Credit Information Services Inc.
P.O. Box 740241
Atlanta, GA 30374
Ordering report by phone: 1-800-685-1113
Report fraudulent activity: 1-800-525-6285