When it comes to credit repair, there are many professional organizations out there who are willing to help you with this monumental endeavor. It takes a lot to make repairs to bad credit and it can be overwhelming when you try to do it on your own. That’s why these professional organizations were formed and they can invaluable for you.
The truth is that many of these organizations really can help a person repair their credit and do so in a very professional way. They will work with you to assess exactly where your credit is and where you want it to be. They will help you set goals and then do what they can to help motivate you to achieve those goals.
Of course, there are many credit repair organizations who aren’t exactly on the “up and up”. They will make outrageous claims in their advertisements such as they have the ability to completely erase all negative account information from your reports, create a new credit identity for you, and even erase bankruptcies that are on your credit record. Stay away from companies who make any claims that are even a little similar to these.
You should also avoid credit repair companies who ask for their full fee up front before any work is done to repair your credit. Some of these so-called professional credit repair organizations also will not disclose your legal rights to you in the even that you may decide to not secure their services thus causing them to lose money.
There is a school of thought that says you don’t even need the services of a professional credit repair organizations since credit repair can be done by you yourself. But as I said before, it’s often a difficult and frustrating process. If you want to secure the services of a professional credit repair organization, ask questions. Make sure they know and follow all credit repair laws. The laws that govern the credit repair organizations are defined in CROA. A couple of the major consumer protection laws are FCRA and FDCPA. If a credit repair company says they can repair your credit for $300, or $500, that's a sign that they don't know the credit repair laws. Those companies typically just send out a basic dispute form letter found on the internet to each of the credit bureaus and stop there.
Legal and effective credit repair requires a lot of knowledge of the laws, what items are more heavily weighted in the score, and several letters to not only the credit bureaus, but also to collection companies and original creditors. Your credit report should be reporting 100% accurate, timely, and verifiable information.
Expert Credit Consultants, LLC specializes in credit restoration and optimization. www.ExpertCreditConsultants.com
