subject: Credit Repair Services- Best 5 Pointers [print this page] If you're considering credit repair services, it's a good idea to know up front what should be expected. In general, most people don't know what should be expected from a credit repair company, so they can not adequately judge which will be the best choice of credit repair services they can get. Any good and trusted company will offer you a great deal on the terms of services, but you should watch for the following:
1. How fees are charged - less-than-reputable agencies will ask for all the money up front. Why? Because they are unable to produce and they don't want to wait until you find out. Normally, a reputable agency will charge the fees in a pre-determined pattern that charges for initial services and additional payments each month as they continue to work on your credit.
The fees will always be commensurate to the services offered. Do some "homework" regarding what fees are common so you will have a good idea what is customary.
2. Correcting mistakes in your credit report - quality credit companies will repeatedly contact the credit bureaus until all the mistakes have been taken off your credit report. To accomplish this concerted effort and repeated follow-up is essential.
3. Provide you with the knowledge to be financially self-reliant - you will only be using the company services for a relatively short time. This is why you must learn good money management on your own. It should be included in good credit repair services to educate you in financial self management.. The company will help you along until such time as you can, on your own, regularly obtain and analyze your credit report, get errors removed, and most importantly practice sound principles of managing your money, so you can keep your credit score as high as possible.
4. Customized approach - your company of choice will often use software especially for credit repair. This is definitely not enough. Although such software is extremely useful, only a live person can react to your individual situation. The quality credit repair services will individualize their approach for your specific needs, in spite of the usefulness of modern state-of-the-art software.
5. Work within the legal framework - the trustworthy credit repair services will always utilize legal means. If you get the slightest whiff of the possibility the agency is acting otherwise, ditch them without delay!
Even though you may feel that improvement in your credit score is urgent, or to change your credit history to leave out things like debt collections and bankruptcy - you must understand that this cannot always happen. Companies that make outlandish promises might be using illegal tactics, and if you knowingly accept these services, you bear some culpability if they are breaking the law. Do not let yourself get in this position.
The best credit repair services may well provide other services in addition to those stated, but definitely should include these 5 points. In choosing a reputable agency never discount the value of personal recommendation.
If this is not possible check for references before signing on the dotted line. Also inquire with the "watchdog" of credit repair companies, the Ethical Credit Repair Alliance. Do not be afraid to ask for clarifications until you are satisfied that you are getting the best!
by: Jim Eastman
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