Fixing bad credit can be a daunting task. Many people are confused about whether they should tackle credit repair on their own or hire a credit repair company. And, even if you do decide to hire a company, finding one that only engages in legal credit repair can be a challenge!
Most of you know that I am a big fan of getting the education you need and repairing your credit on your own. That is why I started Credit Repair College’s weekly video training membership site.
I firmly believe that this is the best path of long term credit restoration and is also a great choice for people seeking fast credit repair. We will teach you how to fix credit like a pro!
But, taking the time to learn everything you need to know about credit repair, isn’t for everybody. Some people don’t have the time or patience to deal with credit restoration. Fixing bad credit is not all that difficult – it just takes some time! Others just can’t get comfortable working on their credit because they feel it is “over their head.”
If you are contemplating hiring a credit repair company, it important that you take the time to research and make a smart decision.
The first thing to research is their reputation. Have they been around a while or is their credit repair business new? What do other clients that have worked with them say about their services? What are they going to do to repair credit report issues?
One of the best things you can do is find a friend or co-worker who has worked with a company and has had a good experience.
Another thing to consider when choosing a credit repair company, is if they are a law firm or just a regular credit repair firm. While there is no guarantee to avoid being scammed anywhere, it is probably safer to go with a consumer advocacy law firm like Lexington Law. They have an established credit repair business and are one of the oldest consumer advocate law firms in the U.S.. Many my rent to own clients have had great success with them. (For more information on their services Click here)
Make sure you have a clear idea of the strategies that will be employed before you sign up. If a company starts talking about things like file segregation or piggybacking off of a non-relative, RUN! These things aren’t legal and could get you into trouble. Also if they guarantee their results, this should raise concern. They aren’t in control of what can be removed from your credit file, so how can they promise specific results? No one can guarantee that they can raise credit scores.
I would also steer clear of any company that tries to collect their full fee up front. They obviously don’t believe that their services will justify continued payment, so they are attempting to get all the money now! Most companies will have some sort of set up fee, but it shouldn’t be the total fee for credit repair.
By asking the right questions, you can begin to sort through the many credit repair companies out there and make the right choice for you.
And, if you would like to tackle it on your own, remember, we are always here!
By the way, one of the most important part of repairing your credit is making sure you get all of your finances in order so that you don’t end up back in the same situation. For Financial Planning Tips you might want to check out this article.
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