There are 2 ways to repair your credit either you can do it yourself which can turn into a lengthy or tedious process or you can take the easier way out and opt for a credit repair company.
A lot of people consider credit repair companies to be a scam but it’s only a scam if you don’t find the right company. So how do you find the right credit repair company? In this article, we’ll cover a few questions you need to ask before you opt for one.
Services credit repair companies provide vary from company to company. Some go the extra mile whereas few others won’t but one common thing between every good company is that they provide you with all the legal info before the contract signing.
The basic services a credit repair company offers is to collect all your reports and pinpoint the area of trouble and offer you advice on how you can improve your credit.
One of the reasons people avoid credit repair companies is because of their high cost. Most credit repair companies charge about $80-$90 for the most basic of plans. Avoid companies seeking a fee before checking out your credit as it’s more likely a scam.
It’s all about getting value for money. If you feel a company isn’t offering the required services for a high fee, skip it. Also, avoid companies with minimal charges but a larger time frame as it means you’ll end up paying more by the end. Most companies also provide a discount to senior citizens, couple, military personnel etc. Make sure you make the most of these discounts.
Not all companies offer you a guarantee of results but the best ones always do and it’s better to know this in advance as it will save you both time and money. Make sure you have a clear idea of the time it will take for the results and also let it be mentioned in the contract. When it comes to credit repair, there’s no word of mouth. If it’s not on paper, it’s not a guarantee.
Check out reviews of companies
One of the best ways to find out about any credit repair company is to read about them online. There are tons of people who have used services from various companies and would be willing to share their personal experience.
This way you’ll have a clear idea about the genuineness of the promises and services offered by the company and whether it’s cost-effective or crap.
Know your needs
Before you opt for a credit repair company make sure you’ve figured your requirements. Then get a free consultation done to check if you even really need the services or if you alone can tackle the issue by paying bills etc.