Choose the Best Credit Repair Service for You
When you are looking to hire a company to fix your credit you should know what your goals are. This should be researched just like any other professional that we need and use. I will cover the five areas you want to compare when picking the best credit repair company.
The first thing you want to know is what you are getting with the company. There are many companies out there that simply mail out template dispute letters to the credit bureaus alone. These types of credit repair companies often get you what we refer to as soft deletions. Soft deletions are items which are taken off your credit report in the verification process but end back on your report often in a matter of weeks.
You want a company who disputes with the credit bureaus but who also goes to the source of the problems. The source will 10-best-credit-repair-memes be your creditors and collection companies, removing items from the source to ensure they do not just pop back on your report. Correcting the problem at the source will insure that the credit correction is permanent.
Total cost is almost always overlooked by the consumer who is lured in by small monthly payments. The part that they fail to mention is the end date;because it does not exist. Yes the monthly payment may seem appealing at first but when you compare, they often cost more than $1,000 a year. Consumers can also be stuck in this never-ending billing for years with little to no results.
A recent study showed that with only a 50 point increase to their credit score the average consumer would save $400 a month. Now do the total cost on that same low monthly payment service for two years. With a price of $1000 per year, now add in the 24 months of lost savings at $400 a month. The total cost would really be $11,600, scary but true! You always want to choose a credit repair service built for speed, a service that will go after all negative inaccurate information immediately and then on every single round.
The time line in which you can expect your results is a big factor as exposed in the total cost. It has been my experience that when people are looking for credit repair there is generally a major purchase happening or coming soon. The time that you will get your results should be explained but if any service guarantees a specific outcome in an exact time they are violating the law. Find out what the average client has experienced for the success you need to achieve.
Results are the foundation to better credit. If you do not get results then you are just wasting your hard-earned money. When choosing a company you want to see actual results. Any company who is successful should be able to produce real results for you. The real results you want to see are actual credit reports showing the before and after results including the actual responses from the credit bureaus themselves. Client testimonials are also a great resource to explore the best are in video with real people explaining in their own words of what a service has done to help them.
The reputation that a company has can say a lot about their product or service. Credit repair has earned a well deserved black eye because of the deceptive practices of the unethical companies out there. The internet provides you the ability to quickly research the company that you are considering hiring. If they have a bad online reputation, come up on one of the many consumer protection sites, or you cannot find them period you better be very careful.