Choosing a Credit Repair Company
Tips on choosing the perfect credit repair company.
Don't Be Fooled
A huge potential for exploitation and unscrupulous practices exists in the credit repair industry. In fact, the FTC has been forced to investigate credit repair companies on many occasions. With the prevalence of such corruption in this industry, it's important that you improve credit score with a trustworthy, established company. Make sure you know the credit repair laws so you can be protected. Here are the guidelines set forth by the FTC about choosing a credit repair company.
Improve Credit Score the Safe Way
When you are looking for a credit repair company, make sure you watch for these things:
- Credit repair companies that demand fees in advance. With our credit repair services, we do not request any payment until after the initial set up. After the set up fee, we only charge the monthly fee after the work for the period has been performed. Be wary of companies that say they will improve credit score but demand payment in advance.
- Credit repair services that don't explain your rights. Remember that you can improve credit score using your right as a consumer to do credit repair on your own. For people who prefer that legal professionals handle their credit repair, we offer affordable rates.
- Companies that endorse "new identities." If you're looking to improve credit score, this is not a claim that will get you any results. There is just no such thing as a legal, "new" identity. In fact, crafting a new identity with file segregation is a serious crime.
- Don't trust companies that claim FTC endorsement. The FTC does not make business endorsements, so don't try to improve credit score with a company that makes such a claim.
- Be wary of companies that misrepresent their experience level. Among credit repair companies, you will often see inflated claims of "25 years of experience" and so on. However, companies who make such claims often combine the years of experience for all of their attorneys, thus artificially inflating the number. With our firm, we have actually been doing credit repair to improve credit score since 1991.
