When you are looking to hire a business to fix your credit, you need to know what your 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 template dispute letters to the credit reporting agencies. These types of credit repair companies often offer you what we call soft eliminations. Soft deletions are items that are removed from your credit report in the verification process, but often end up on your report in a matter of weeks.
He wants a company that disputes with the credit bureaus but also goes to the source of the problems. The source will be your creditors and collection companies, who will remove items from the source to make sure they don’t show up on your report again. Correcting the problem at source will ensure that the credit correction is permanent.
The consumer almost always overlooks the full cost, lured in 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 you compare it, they often cost more than $ 1,000 a year. Consumers can also get stuck in this endless billing for years with little to 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 do the total cost of that same low monthly payment service for two years. Priced at $ 1000 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 negative and inaccurate information immediately and then every round.
The timeline in which you can expect your results is an important factor as stated in the total cost. In my experience, when people look for credit repair, there is usually a major purchase that is made or will be made soon. Explain when you will get your results, but if any service guarantees a specific result at an exact time, you are breaking the law. Find out what the average customer has experienced to achieve the success you need.
Results are the foundation for better credit. If you’re not getting results, you’re simply wasting your hard-earned money. When choosing a company, you want to see real results. Any successful business should be able to produce real results for you. The actual results you want to see are actual credit reports showing before and after results, including actual responses from credit bureaus. Customer testimonials are also a great resource for exploring the best on 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 misleading practices of the unethical companies out there. The Internet gives you the ability to quickly search for 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, you’d better be very careful.
A company’s online presence can also help solidify that they are truly here to help consumers correct their credit quickly and legally. This is a guide to help you choose the best credit repair service.
