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Credit Repair Companies

What To Look For In A Credit Repair Company

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Many people seek to repair their credit after life circumstances get the best of them.

Unfortunately, minor hiccups in your financial hygiene can result in a drop in your credit score that requires quite a bit of effort to rectify. A credit repair company can help you ensure that you’re taking the right steps in expediting the process on top of the fact of having a handful of specialized programs explicitly meant to help you clean up your credit without putting you in the poorhouse.

Since not all credit repair companies are created equally, here are a few things you should be on the lookout for:

Ensure A Satisfactory Level Of Customer Service

Because of the sheer number of people desperate for a bump in their credit score, there are lots of unscrupulous companies that promise the moon way too early on & also don’t take the time to fully explain what exactly they’ll do for your specific situation. A sign of a good company is that they’ll offer a free consultation in which you can explain all of the nuances of your finances so they can tell you exactly what kind of steps you can take to begin repairing your credit. They need to be helpful and upfront; if a company tries to belittle your financial knowledge, it’s likely they’re trying to make you think they should be trusted instead of your gut. So to properly ensure that they’re the company that deserves your business, you’ll need to poke around the edges of their customer service to determine how they operate.

Check Their Track Record & Evaluate Their Claims

These companies should be treated as specialized financial help as opposed to people who are legitimately fighting your credit battle for you. Be extremely wary of anyone who guarantees to remove blemishes from your report. You’re repairing your credit, not somehow erasing it, then rebuilding it anew. Check online to see if they have any complaints lodged against them, or better yet, look at some of the bigger players such as those in this comprehensive round-up by CreditRepairExperts.org. It’s important that the company you go with isn’t suggesting that you try to game the system or that they have some secret formula to avoiding the hard work involved. If they’re claiming to be able to fix your credit score in less than a few months, that’s a major red flag. You might not want to hear the reality of credit repair, but you shouldn’t trust anyone who’s not willing to give it to you. If something sounds too good to be true, walk away.

Conclusion

At its core, finding the right credit repair company is a lot like seeking out any other kind of financial service. You want people who can get the job done adequately, all while speaking the kind of language you can understand. Credit issues can happen to anyone even when doing nothing that’s outright poor form; it is nothing to be ashamed about. Picking the right credit repair company can be the difference between getting back on track or getting kicked again when you’re already down. Do your due diligence, don’t settle for anything less than what you deserve.

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Credit Repair Companies

What is a Credit Repair Organization?

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A credit repair organization is a company that offers to repair your credit for a fee. These companies boost your credit score by cleaning up your credit reports by asking the bureaus to fix errors and remove erroneous charges. But, is a credit repair company essential for your credit’s health? Read on to find out.

Tips for Using a Credit Repair Organization

If you plan on using a company to help you clean up your credit reports, make sure to put some safety measures in place and find a reputable company such as Lexington Law.

Credit repair companies often get a bad reputation, but that doesn’t make all of them bad or unscrupulous. If you decide a credit repair company can help, there are a few things you should check out before you take the plunge:

  • Don’t sign a contract until you review it – You should always get a copy of the contract in writing before you sign. Review the fees the credit repair organization charges, look carefully at what they say they can do for you, and make sure you’re not locked into a long-term contract. If a company doesn’t let you have an agreement in writing or let you out of the agreement you’re not happy with, you should reconsider.
  • Research the company with the BBB – It’s a best practice to always look at Better Business Bureau reviews, and pay attention to consumer reviews as well. If the company has too many complaints, you should proceed with caution. Also, beware of organizations that don’t have any negative reviews. When researching, a good tip is to look at all of the middle-of-the-road comments first. You can also ask the company for information about satisfied customers.
  • Make sure the company is bonded – A bonded company has posted money to protect its customers from fraud, or in the event they go out of business. Some states require credit repair organizations to be bonded. Using a bonded company is no guarantee, but it gives you an added layer of protection should something happen.

Protecting You Through Law

Because of the reputation of these organizations, and the tendency of some services to use fraudulent methods including scamming consumers, the government put the Credit Repair Organizations Act (CROA) in place. The CROA is designed to protect consumers from dishonest companies. This law helps consumers be aware of their rights when using a credit repair company.

Under the CROA, a credit repair organization can’t legally:

  • Alter your identity, or advise you to do so – this includes applying for/using an employer identification number (EIN) to get a clean slate on your credit history.
  • Tell you to lie about your credit history, or lie on your behalf – this goes for both current and future creditors.
  • Lie about the services they can provide.
  • Ask you to pay for any service before it’s completed.

When you enter into business with a credit repair company, the CROA states that they must provide you with a contract and provide a three-day cancellation window. Only after this window passes can the company start the process.

Credit repair services are also not allowed to insist you sign any form which would waive your legal rights. If any organization disobeys these rules, you have the right to protect yourself by taking the company to court. This right extends for five years, either from the date the wrong occurred or the date you find out about it.

Save Money by Doing These Tasks Yourself

What is a Credit Repair Organization?It doesn’t take a credit repair organization to repair your credit. If you’re considering doing some of the same things they can, all it’s going to cost you is time.

For example, you can monitor your credit reports for free, check for problems, and write to the credit bureaus to fix these errors, or let them know if some of the items on your credit reports aren’t yours. You can also create a better credit profile by paying all your bills on time each month, and by not carrying high credit card balances.

One downfall to the process of doing this yourself is that you have to regularly follow-up with the credit bureaus to ensure your reports get fixed, and that can be very time consuming. Also, you may not have the expertise that a trained credit counselor has, which could be a disadvantage.

Are You Ready to Take the Plunge?

If your credit needs repairing, you should know that it’s something you can do yourself. In addition to fixing negative marks that show up on your credit reports, you can also improve your credit history by getting a car loan. This is an excellent way to make a positive impact on your credit.

Not only does an auto loan add a new line of installment credit to diversify your credit profile, making all your payments on time also helps to build a positive payment history. Payment history is the largest factor that contributes to your credit score.

If you fear you’re not eligible for a car loan because you’re looking into credit repair, think again. There are special finance dealerships across the country that have lenders ready to work with people who suffer from bad credit, no credit, and even bankruptcy. At Auto Credit Express, we can help point you in the right direction by matching you with a local dealer. Get the process started today by filling out our easy auto loan request form now.

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Credit Repair Companies

Latin Lawyer – Three firms in Mexican credit repair acquisition

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Garrigues (Mexico) has helped US finance companies Vulcan Capital and Freedom Financial Network purchase a minority stake in Mexican credit repair company Grupo Resuelve tu Deuda from Crédito Real.

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Free credit repair consultation for people in credit distress – Press Release

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Free credit repair consultation for people in credit distress

At a time when the number of people with negative credit listing has increased, Intel Credit Consultants is coming to the aid of the credit distressed individuals and business through offering free credit repair consultation.

With the rate of credit default reaching new levels, a credit repair company is offering individuals and business a free consultation. While announcing this credit repair assistance, the lead consultant at Intel Credit Consultants said this is meant to help individuals and businesses make informed credit decisions. “We are aware of the situation  occasioned by the pandemic and we would like people as well as businesses to come out strong , remove their negative information and improve their chances of getting credit to finance their activities,” said the company representative while urging those in need of credit repair services to register for free consultation.

Intel Credit Consultants relies in a pool of experienced credit repair professionals to help its clients. The team is reputed for its experience and high skills as well as dedication to provide assistance quickly and effectively. The company representative says that the team goes out of the way to ensure customer satisfaction and delivering the desired results.  He observes that the free consultation is a step towards providing a path that will streamline a customer credit path and open avenues where they can live comfortably without being bogged down by issues of negative listing.

“The importance of credit repair cannot be overemphasized, it can open many doors for you especially if you are considering buying a house, a new car, furnish your house, taking a loan among other financial decision. We are providing assistance that will help improve your credit score,” said the lead consultant while adding that they are a reputable firm, a choice of many people looking to repair their credit fast and at affordable rates.

While explaining how they operate, the company spokesperson said the first step is becoming a member through signing up. The new member is supposed to choose a plan where they analyze the available options. The credit repair company has a variety of programs that a member can choose from. Once a customer provides all the necessary information and documents, the company representative says they can now sit and see the progress. “On average our clients see an 85 point increase in their credit score in a period of one month,” said the representative while adding that they have received numerous testimonials from customers who are happy with their services. “We are happy to hear positive feedback from our customers, we are pleased to learn that we made a difference in their lives, providing an avenue where they can improve their financial standing. This is who we are, a credit repair company that makes a difference in people’s lives,” said the representative while reacting on the positive testimonial from the customers.

Intel Credit Consultants promises to continue offering credit repair assistance, encouraging those who are looking for services to take advantage of their free consultation through booking an appointment through their website: https://intelcreditconsultants.com/

About Intel Credit Consultants

Intel Credit Consultants is a US based black owned credit Repair Company. The company that puts its clients needs first making sure they are educated and well informed on every credit decision.

Media Contact
Company Name: Intel Credit Consultants
Contact Person: Media Relations
Email: Send Email
Phone: 866.990.7175
Country: United States
Website: https://intelcreditconsultants.com/



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