Credit Repair Company - What They Really Can and Can Not Do

Aug 27 07:21 2008 Justin Hutto Print This Article

Learn what credit repair companies really can and can not do. Learn a couple tips to choosing the right credit repair company for you.

A lot of credit repair companies say they can fix any credit report. All the person has to do is hire the company and their credit problems are fixed. Is this true?

Unfortunately no,Guest Posting it's not. There are fraudulent credit repair companies that prey on people with bad credit. It is said that fraudulent companies have taken over 50 million dollars from the consumers.

This happens because people with bad credit are often frustrated paying high fees and interest. So they naturally look for a way to avoid these high costs.

Can results be guaranteed? No and when a potential credit repair company makes a guarantee this is a big red flag indicating that company to be fraudulent. I would not recommend hiring any company that makes any guarantees.

However there are credit repair companies that can be trusted. They will fight to repair your credit and are typically more effective than an individual. This is because they are familiar with the credit bureaus and how the bureaus try to avoid conducting investigations into disputed listings.

When looking for a credit repair company, look for warranties or refunds if results don't occur instead of guarantees. Also do your homework and see what is being said about the potential company by other people.

The credit bureaus use stall tactics to avoid investigating disputes in hopes of the individual giving up on the process. They have found this to be more cost effective than to grant investigations. Furthermore the bureaus function is to give a value on the likelihood of repayment based on past behavior.

Credit repair is a good idea if you are sick of paying high fees for a mistake you made in the past. Quality credit repair companies can often get the credit bureaus to act. 

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Justin Hutto
Justin Hutto

To learn more about online credit repair or for information about lexington law firm a leader in the industry for over 17 years or for a free credit repair letter for do it yourself credit repair visit us.

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