How Can You Judge The Credit Repair Company's Intentions?
If you are worried about your credit history going bad, you can either choose to do it yourself or have the job done for you by a credit repair company. What you should know is that there is no shortcut for fixing your credit history. It requires time and effort and there is no one who can change your credit history, it is illegal! But there are ways in which you can solve this legally.This is the reason why people go for professionals in credit repair to do the job for them.
These professionals are well versed with the various provisions on bad credit history, bankruptcy or bad loans and can help you sort out your credit problems smoothly and in a legit way. However, the trick comes when trying to select a credit repair scam from a genuine company.
So, how can you identify the credit repair scams? Some situation in life make a person desperate for help. Having a bad credit history is one of them. For this reason you can easily fall prey to the false claims made by some companies about credit repair and end up spending hundreds of dollars and still have no positive results.
Characteristics of credit repair scams.
Advance payment
*The company will ask for advance payment for credit repair. Always ask for the services first. Payment should be made on the completion of service.
Conceal your right
*The company will never be open about your right in credit repair. They will try to keep you in dark as much as they can. Always do your homework regarding your legal right about credit repair before setting up a meeting with the credit repair company.
Restrict communication
*The company will not allow you to contact the national credit reporting companies. They will always compel you to do the communication through them.
False claims
*The company will claim to get rid of all the bad credit even if it is correct. This cannot be done at all. It is a false claim totally.
New identity
*They will suggest having a fake new credit identity. This is illegal and can lead to much complicated situations.
Suggest dispute
*The company will try to convince you to challenge all the bad credit available in your report.The credit repair is possible, but there is no shortcut to it. It requires effort and planning. The law gives you a chance to mend your history. There are many genuine companies available to help you out. But you have to protect yourself from the credit repair scams. Before taking any decision consider these points. This will surely help in making a correct decision about credit repair company.
