Enlisting the help of a quality credit repair company may end up being one of the best things you include ever done for your financial future. A good credit score can strengthen so many aspects of your life from the home you live in to the car you actually drive to the job you work. But choosing a undesirable company not only won’t get you any closer to achieving your credit goals, but it could lighten your pocketbook or become worse your credit situation.
Below is a checklist of things to hunt for when shopping for a credit repair company you can reference to help you separate often the trustworthy companies from those that are better left solely.
Length of Time In Business
Starting a credit repair business is easy. There are lots of software programs you can purchase that will essentially allow you to create a completely new company overnight. What these programs don’t provide, nevertheless , is expertise.
Your credit score is too important to trust to one who isn’t an expert at credit repair. As a general rule, you will be better off choosing the company that has been in business for a few years. Not only will they get more experience, but there is a better chance that they will carry on business for years to come.
A company’s BBB profile is an effective resource for seeing how long a company has been in business. If a corporation does not have a BBB profile, they may be too new or mysterious. click here
The Federal Credit Repair Organizations Act states “no credit repair organization may charge or receive any money or other valuable consideration for the performance of any provider which the credit repair organization has agreed to perform for any purchaser before such service is fully performed”. This opportunity was put in place to protect consumers from companies that would impose hundreds or even thousands of dollars for services and then either definitely not providing the agreed upon services or not be able to positively affect the customer’s credit report, something that is a possibility no matter how good a corporation is. Be leery of a company that requires a monthly payment before providing services.
Having a physical position speaks to the company’s stability and intention to provide expert services on a long-term basis. A company that does not provide a physical address or even only has a PO Box is more likely to disappear as soon as they have your money. Also, make sure to plug-in the company’s address in a very service such as Google Maps so you can see the actual building. It is not necessarily uncommon to find that the address is a personal residence which will
At a minimum, a credit repair company should accept credit card, preferably by processing them themselves instead of using a third-party service such as PayPal. This allows you to take advantage of your credit playing card company’s fraud protection services if necessary. A company that only takes cash, checks, or money orders is probably one that you intend to avoid.