“Credit problems? No more problem now!”, “We guarantee 100% removal of bad credit!”, “We help you create a new credit identity!”. You must have come across these fliers and e-mails. Don’t go with these claims, for there is no easy remedy for a bad credit. It requires a conscious effort, strategy and plan to fix credit. A legitimate credit repair company will never make such claims. So, you have to be very careful while choosing a credit repair company. Make sure that you keep the following factors in mind:
- Find a reputed company with years of experience in providing the service to customers. Do a background check of the company. You can contact the Better Business Bureau to obtain more information on a company’s background. Also, look for a licensing number with the state of operation. Consult your family, friends and colleagues before you end up with one company.
- Don’t go by the claims of the company and pay heed to what you want the credit repair company to do for you. If a company guarantees that it will remove the negative item from your credit or lower your debt, remember that it is making false claims. They can negotiate with a creditor for a lower debt settlement but ultimately it is only up to the creditor to agree.
- Take into account what services you will be getting for your money and calculate an estimate of these services. Much of the assistance that you receive from these companies can also be done yourself if you have quality credit repair software and a little knowledge about the same. Though if you still feel that you need the consultation of a credit repair company, ensure that you are familiar with the charges that will be incurred.
- Educate yourself with some of the laws that govern credit repair companies. According to the Credit Repair Organizations Act, these laws are designed to protect you from scams and help you with repairing your credit report.
There are a number of companies which provide premier credit repair programs in compliance to ethical and legal standards. Browse through the websites of these companies to know more about credit repair programs.