Is a Credit Repair Company Right for You?
When is it time to consider hiring a credit repair company? Credit repair companies are for people who are suffering from bad credit who don’t have time to learn credit repair. Whether you’ve been denied employment, or turned down for a home loan – if your credit scores are poor, it’s time to consider hiring a professional.
Saving Time, Saving Money
Dealing with consumer reporting agencies, creditors and collection agencies can be a major headache. Knowing how to deal with them can take hours of research. If you are planning on going into battle without understanding your consumer rights, be prepared to lose. Having a professional credit repair company deal with them will not only save you time, but it will also save you money in the long run. Getting your credit repaired correctly the first time will get you back on track quickly.
To some consumers, saving time and not having to deal with the all the hassle is more than worth the cost of hiring professionals. After all, it could take up to 12 months of writing letters to completely repair your credit. Not to mention all of the consumers laws you have to familiarize yourself with
Credit Repair Scams
There have been a lot of scams within the credit repair industry, but the FTC has come down hard on these guys and continues to enforce the Credit Repair Organizations Act, which is intended to protect consumers from these fraudsters. When it comes to credit repair, it’s important to go with companies who have been around for years and who have a good reputation with the FTC.