What is a credit repair company?
A credit repair company is an organization which assists consumers with credit counselling, debt settlement, removing inaccuracies from your credit report and works on strategies to build your credit.
When should you approach a credit repair company?
You need the services of a credit repair company :
- If you are very busy and don’t have the time or patience to do the legwork involved in contacting the credit bureaus, your creditors and anyone else who could help in restoring and enhancing your credit. ?? If your credit situation is very bad and you don’t know how to deal with the situation, it might be the right time to head to a professional.
How do I choose the right credit repair company?
- Chose a company which has been in existence for some amount of time (at least 3 years).
- Choose a company which signs a contract with you.
- Avoid companies which make outrageous promises; like improving your credit profile instantly!