Guide to the Best Credit Repair Programs: Learn to Tell the Difference Between Good and Bad Companies
If you’re tired of getting turned down for credit cards and/or loans, it’s probably time to work on fixing your credit report. and you Many people turn to professional services because reviewing reports, removing negative items and doing repair work can be a difficult process. However, not all of these services are worth the time and investment. Some are outright scams. What do the best credit recovery programs offer?
Some of the good things to look for include a free consultation, compliance with local laws, longevity and a relationship with at least one attorney. The ideal credit repair organization will NOT charge you directly. They will offer you a free consultation and review your report to let you know what can and cannot be done. Ask them if they have experience with the type of situation you need to resolve, such as a huge credit card debt or IRS lien removal.
Speaking of lawyers, it’s probably best to stick with a program staffed by lawyers. Law firms are the best credit recovery programs because they already know all the laws regarding credit agencies, banks and lenders. Having them on your side is especially helpful if there are any suspicious items on your credit report and you are concerned about attempted fraud.
What are some of the “red flags” you absolutely need to look for? How do you know when to opt out of a “credit recovery program”?
Features The Best Credit Repair Programs Don’t Have
What to AVOID:
• Any company that tries to demand payment in advance.
• A “quick/easy fix” promise. There are no “quick and easy fixes” when it comes to credit repair.
• Any kind of guarantee or promise that a company will “boost your score”
• Companies that have pending complaints against them.
• Any suggestion that you are “lying” or creating a “parallel identity”.
• Make a suggestion or do something that makes you feel uncomfortable.
The fact is that the best credit repair programs never make any promises other than the guarantee that they will look at your credit reports and give you an analysis of whether there really is any hope for you and that they will help you however they can as long as the methods adhere to local and federal laws.
Before signing a contract, read all disclosures. DO NOT set up a payment plan with auto-discovery. Familiarize yourself with the “Law on Credit Institutions” to know exactly what a company is prohibited from doing. If the program is legitimate, you will only need to start payments once you have proof that they are doing everything they can (legally) to help you.
Now that you know what best credit repair programs offer, you can start your search. Many people recommend Lexington Law because the company offers a free personalized consultation and access to your TransUnion statement summary. There are also many positive reviews of Lexington Law online.
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