credit repair services

Are Credit Repair Services Legitimate?

Are Credit Repair Services Legitimate?

You’ve likely heard the radio ads before or seen advertisements about credit card repair companies in your area. You might doubt the legitimacy of what these companies can do for you and it is important to consider that many of these businesses are ethical and legitimate but there are certainly some companies on the market that are trying to take advantage of people. Here are some of the signs that the credit repair services you’re considering working with is legitimate.

Your credit score can have a big impact on the types of financial products that you can access and the way that you are able to live your life. It can be tough to apply for financial products with a poor credit score and it can be even more difficult searching through the wide range of companies that can offer you support as a credit repair agency. Fixing your credit doesn’t often come down to a fast fix but working with a credit repair agency can make sure that you can be put on the right path to improving your credit.

If a credit repair company is offering you an immediate fix for your credit, it’s likely that the story you’re hearing is too good to be true. Credit repair services can put you on the right track to repairing your credit but no company will be able to offer you an immediate turnaround for your credit history.

They Conduct A Credit Report Analysis

Any legitimate credit repair agency will take a look through credit reports from the three main credit bureaus. If the company is not taking a look through Equifax, TransUnion and Experian for reporting, there’s a chance that they could miss various items that could be negatively affecting your credit score. Just because an item doesn’t show up with one reporting agency, it doesn’t mean that it hasn’t been logged by another.

Working To Dispute Negative Items

Credit repair companies will work with creditors and credit bureaus to remove unsubstantiated negative information from your reports as well as various errors. These can often be items that you’ve already paid off or charges that have been placed on your credit report in error.

Escalating With Disputes

If there’s a series of disputes that you have opened against your credit report and the reports made from each agency, a credit repair company will be able to manage these disputes and escalate them if necessary. The company will manage the correspondence with the credit reporting company and make sure that the results can be properly cleared up.

Ongoing Coaching

Fixing your credit is not an overnight solution but a good credit reporting agency will be able to provide you with ongoing coaching and analysis for how your credit score will look over time. Your credit repair expert might meet with you every few months to go over your current financial situation and take a look at the steps that you are using to improve your credit score.

If you’d like to learn more about credit repair services or find a legitimate credit repair service in your area, contact our team today. We are a credit repair agency with years of experience and we can help you find the signs of legitimate credit repair agencies to improve your score.