subject: Finding A Reputable Credit Repair Business [print this page] There is too much argument about the credit repair business to disregard it. In fact, the reason that most people who need credit repair help hesitate to avail of these services, is the "bad rap" the industry has gotten.
At the same time it's unfair and untrue to say that all credit repair businesses are out to rip off consumers. There are many trustworthy professionals prepared to make their best effort to do everything legally possible to improve your credit. However, that raises the issue of how to identify the reputable companies and how to stay safe from the traps the fraudulent credit repair business agents lay for you.
In spite of commonly held belief, detecting a deceptive repair agency isn't all that hard. The first warning sign is when such an agency purports to repair your credit overnight
As your credit worthiness is based on many years of financial history, it's just not possible nor is it realistic to expect to improve your credit score overnight. The instant that a credit repair business promises you the impossible, you know to avoid them as you can be sure they are not to be trusted!
In addition there are other warning signs you should look out for as well. The deceitful "professionals", most always, will require full payment upfront.
Under federal law fees may not be charged until services have been rendered. Regardless of how bad your credit is you need not pay the complete fees in advance.
A less-than-reputable credit repair agency will not hesitate to go outside the law to fix someone's credit. They will even counsel you to use illegal methods while convincing you that there is nothing wrong in doing so, as they know an "insider" who works for the credit bureaus who will cover their tracks.
Make sure you don't fall for these kinds of lies! Do not encourage any tactics or means to improve your credit worthiness unless it's 100 percent legal. No matter how bad your credit problems they will become much worse if you're caught trying to amend the situation illegally.
You are the one who is primarily responsible for any illegal activity to improve your credit; therefore, you could end up being prosecuted for illegal activity when you are caught. Everything considered, it's just not worth the risk!
Another simple way to determine if the credit repair business you're considering is legit, is to request that they guide you in learning about repairing credit. A trustworthy company will happily provide you counseling and "hand holding" in your efforts to become more knowledgeable in regard to credit restoration.
A reputable company will act as a facilitator, while an untrustworthy business will be very secretive about giving you information concerning the credit repair process.
by: Jim Eastman
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