When looking to hire a company to fix your credit, you need to know what their goals are. This should be investigated like any other professional we need and use. I’ll cover the five areas you want to compare when choosing the best credit repair company.
The first thing you want to know is what you are getting with the company. There are many companies that simply send sample dispute letters to the credit bureaus. These types of credit repair companies often get you what we call soft removals. Temporary deletions are items that are removed from your credit report in the verification process, but often reappear on your report within weeks.
He wants a company that argues with the credit bureaus but also goes to the source of the problems. The source will be your creditors and collection companies, removing items from the source to make sure they don’t show up on your report again. Correcting the problem at the source will ensure that the credit correction is permanent.
The total cost is almost always overlooked by the consumer who is lured by small monthly payments. The part they don’t mention is the end date, because it doesn’t exist. Yes, the monthly payment may seem attractive at first, but when compared, they often cost more than $1,000 a year. Consumers can also get stuck in this endless billing for years with little or no results.
A recent study showed that with just a 50-point increase in their credit score, the average consumer would save $400 a month. Now calculate the total cost of that same low monthly payment service for two years. Priced at $1,000 per year, now add the 24 months of lost savings to $400 per month. The total cost would actually be $11,600, scary but true! You always want to choose a credit repair service built for speed, a service that will look for all inaccurate negative information right away and then every round.
The timeline in which you can expect your results is an important factor as outlined in the total cost. It has been my experience that when people seek credit repair there is usually a major purchase in progress or coming soon. The time when you will get your results should be explained, but if any service guarantees a specific result in an exact time, it is breaking the law. Find out what the average customer has experienced for the success you need to achieve.
The results are the basis for better credit. If you don’t get results, you’re simply wasting your hard-earned money. When choosing a company, you want to see real results. Any company that is successful should be able to produce real results for you. The real results you want to see are real credit reports that show before and after results, including real responses from the credit bureaus themselves. Customer testimonials are also a great resource for exploring the best in video with real people explaining in their own words what a service has done to help them.
The reputation that a company has can say a lot about its product or service. Credit repair has earned a well-deserved black eye due to the deceptive practices of the unethical companies out there. The Internet gives you the ability to quickly research the company you are considering hiring. If they have a bad reputation online, go to one of the many consumer protection sites, or you can’t find them, but you’d better be very careful.
A company’s online presence can also help solidify that they really are here to help consumers fix their credit quickly and legally. This is a guide to help you choose the best credit repair service.