If your bad credit score has resulted in being turned down for a loan or credit card, you might be considering going to a credit repair service to help you improve your credit. But with so many companies out there, how do you find the most reliable one?
Before hiring a credit repair company, you should clearly understand what such services can and cannot do for you. Keep in mind that there is no quick-fix for credit repair and you should avoid companies that promise you one.
Tips to Find a Reputable Credit Repair Company
Here is a look at important things to look for to find the best credit repair service.
- Free Consultation: The first thing that any reputable credit repair company does is offer a free consultation. This is so that they can review your credit report and tell you everything that they can and cannot do.
For example, the company will inform you that while they can remove duplicate accounts, they will not be able to get rid of a public bankruptcy. They will also explain your options in case your goals are not achieved.
- Track Record: You should look at credit repair companies that have a track record because longevity, according to experts, has value. Companies that have been in business for at least 5 years and that the Federal Trade Commission (FTC) has not shut down are more likely to be legitimate. This is one of the top things to look for when choosing a credit repair service.
- Performance Warranty: A performance warranty is an important thing to keep in mind when you are looking out for credit repair companies to hire. They should offer a guarantee on their services that ensures you that you will not be charged if they are unable to remove a certain number of disputed items on your credit report.
- On-Staff Attorney: It is important to make sure that a credit repair company does everything legally when taking care of your credit report. You should look for an attorney-operated or attorney-owned companies with at least one lawyer working with them. This is the best way to ensure that the company you hire adheres to local and federal laws.
Finding a reputable and reliable credit repair service is not impossible. All you need is to know what to look for. Once you find the best company, you can be assured that your credit report is in the best hands.