Credit Repair Service – What You Can Expect From Them
First, you will need a copy of your report from each bureau. You are entitled to get a copy of this for free by legislation, once per year. You can visit annual credit report and do this.
Next you need to identify what items you want to dispute. Then you forward your report on to the service at which point they will take over the process. Now, you wait and receive letters from the bureaus in which they indicate if the item they investigated has been found valid or has been removed from your report.
Additionally a service has the ability to use court intervention, write debt inquiry letters, goodwill intervention, and most importantly use debt validation. Debt validation is when you make the collection agency prove that they do own your debt and are legally able to collect on it.
Surprisingly, it isn’t unheard of for agencies to not be able to prove this. If that is the case for you, it means you don’t have to pay the debt and once you dispute that collection item on your report it will be removed because the agency will be unable to verify it.
How Do I Find the Best?
Like all industries this one has some less than ethical people in it. Part of the reason for this is the constantly evolving legislation and credit formulas. In the past there were some tricks you could use to game the system for example; being an authorized user on someone’s credit card use to help a great deal.
However things have changed and the bureaus are running an even tighter ship than ever. Therefore it is very important to do your homework before hiring anyone. You want to ensure the tactics and tools the service you hire are still valid and going to work before you fork over your hard earned money.
A great way to do this is to look at what prior clients have to say about the results they have had. Additionally if a service offers a guarantee this is a red flag. There can be no guarantees made when it comes to fixing a damaged FICO score.
How Much Does It Cost?
As earlier mentioned there are some less than ethical individuals that are going to want to charge you large sums of money! While it does cost money to get a service you do not need to spend a fortune.
You should expect to pay $49 – $99 a month with a typical range lasting from 6 months to 12 months. Additionally you can expect to pay roughly $100 upfront. In total you are often looking at a couple hundred dollars, however we have seen individuals pay thousands and end up in the same financial position as when they started!
We do recommend hiring a professional service. For such an important and life impacting number, you can’t go wrong with hiring the professionals. Lastly, make sure the company you hire has been in business for a long time as this is a sign that they operating both legally and ethically.
For a free credit consultation call 1-800-232-2903 or to learn more about Credit Repair Services and how a Credit Law Firm will work for you visit us.