Guide to credit repair companies – what to look for in a legitimate service

If your credit is bad and you don’t see any relief in the future, you should consider getting it repaired. This is the process of removing negative items from your credit reports. While you can try to do everything yourself, the process can take a long time – especially if there are several negative elements that can range from mistakes to unfair claims by lenders. One way to speed up the process and take remedial action as soon as possible is to contact credit repair companies.

Since it is an industry full of fraud, you need to be careful which company you choose. Before choosing a company, start with the basics: reputation and fees. The price of the service depends on the company, the functions and the performance they can provide for you. However, there is one thing a reputable company will NOT do: charge you in advance. You should only stick to companies that offer free advice. Let them check your credit reports first so they can assess your situation. THEN you can talk money.

Good credit repair companies don’t just communicate with the credit bureaus themselves. They are actually trying to communicate with lenders and collection agencies. Even if the negative points are due to your own mistakes, some negotiations can still be conducted – as long as the repair company is legitimate and has lawyers in its network.

How fast credit repair companies work

How long does it take to fix your credit and increase your score? There should never be a specific guarantee. Avoid any company that promises to “increase your score by 100 points in just 2 months!” However, since credit bureaus are required to answer and resolve any dispute within 30 to 45 days, you should have a general idea of ​​how long it will take for things to be resolved. If you have multiple negative elements, it obviously takes longer. Variables are always involved, no matter how few or how many negative elements you need to remove.

Before signing a contract, make sure you know exactly what you are signing up for and how much you are likely to pay if you are charged a fee. According to the law on credit repair organizations, these types of companies are prohibited from requiring advance payments. You can’t legally charge you until they start doing some work for you.

Which credit repair company should you trust? One company that is always mentioned is Lexington Law. It’s a trustworthy name, and you can expect your own lawyer to work with you on your case. You may even get discounts with Lexington Law.

Guide to credit repair companies - what to look for in a legitimate service

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