Each credit repair company uses various approaches like direct negotiations with credit bureaus and creditors, discovering errors and challenging charges, and settling claims. Some companies can improve your score by as much as 40%, allowing you better loan rates and terms for mortgages, car loans, personal loans and credit cards.
The question is, what should you look for when choosing a credit repair company online? There are hundreds of credit repair businesses but not all of them are effective or work quickly. Use this brief guide to ensure that once you are ready to repair your score, the company you choose is credible, proficient and offers comprehensive credit restoration services with proven results
What Should You Look for When Choosing a Credit Repair Company?
Companies that repair credit succeed in fixing millions of people’s credit problems every day. Having a team of specialists with experience is often the most time- and cost-effective way to accomplish your goal of better credit. Instead of chasing down reports and bureaus and spending money on demand letters and letters of good faith, a credit repair company can do the legwork for you.
A reliable credit restoration choice has experienced professionals who can obtain and examine major credit reports to determine the best course of action. Dependable and affordable companies with a good reputation that have been in business for years like Lexington Law and CreditRepair.com are 2 examples of successful companies with comprehensive credit repair services.
Mistakes & Overcharges
A primary goal of top credit repair companies is to remove errors from your credit report. Computer errors, human mistakes, and fraud could have impacted your credit and may need to be challenged. Errors are common and range from mistakes in lender reports to simple errors in your personal information.
A good credit repair company has the expertise to discover and eliminate errors on your report. If you have an outstanding debt with a company that has gone out of business or doesn’t respond in a timely fashion, a good credit repair company will likely be able to have that debt removed from your record as well.
There are also credit restoration services that work to detect identity theft. You may not even know that your identity was used to gain credit and burn a lender in the first place. An aggressive company working on your behalf will have these charges erased and your Social Security number protected.
Credit Negotiation Works
Respectable credit repair companies will know the right channels and have the capability to negotiate and challenge your debt amounts with proven results. You’ll not only come out with improved creditworthiness and a higher credit rating, but you can also save money off of your existing debts. Many credit repair companies offer educational resources such as blogs, video lectures and comprehensive FAQ sections to help you understand the credit repair process and how to maintain your credit on your own once you are satisfied with your score.
In the end, a credit repair service’s timeliness is important. It takes about 30 days for a credit dispute to be handled, so even though each case is unique, the average process should last under 60 days. Begin the process with a company as soon as you can and make sure the credit restoration company you ultimately choose provides details upfront about how they will be able to conquer your credit issues and when you can expect to see an improved credit report.
Choose a good credit repair company and you’ll be on the way to restoring your credit.