How to Choose the Best Credit Repair Company
While it is possible to repair your credit yourself it can be time consuming and expensive. Just the cost of sending dozens of certified letters adds up quickly. That is one reason a popular option is using an online credit repair agency. These companies employ teams of attorneys and paralegals to assist their customers. Since they specialize in fixing consumer credit they know exactly what type of letter to send and how to get the best results.
Surprising they are very affordable – some companies have monthly plans starting at $37. Plus you can cancel at any time. That’s a much better arrangement than giving a local attorney hundreds or thousands of dollars in advance. Most just having their paralegals do all the work anyways.
When choosing a credit repair company it is important to do your homework to avoid scams and new firms that are not experienced. Asking these questions will help you find a program with a solid credit repair agency.
Questions to ask Credit Repair Companies
– Number of years in business?
– Years of experience of individual attorneys?
– Is the payment monthly or upfront?
– Cancellation policy?
– Refund policy?
– What does their Better Business Bureau Report (BBB) report say?
– Good way to verify when a business was started
-Most businesses will have complaints. It’s important to look at if the compliant was resolved.
Avoiding Credit Repair Scams
Just this year the FTC charges seven credit repair companies with deceiving consumers.
The Governor’s Office of Consumer Affairs has put together a consumer guide to credit repair. The GuidetoCreditRepairServices.com is also a good resource.
The FTC has a warning about how to recognize a credit repair scam.
Back to your credit repair guide
