However, there are free resources available that you might consider before looking to a credit repair company. We would be honored to have the opportunity to work on improving your credit scores and assisting you to achieve both your personal and financial goals. creditrepair will request that all of the creditors reporting inquiries on your credit reports provide proof of their permissible purpose for pulling your reports. If they have the proper authorization, the inquiry will stay, if they can’t verify their permissible purpose, the inquiry is deleted. Bad credit closes doors and limits consumers to obtaining financing through sub-prime means resulting in excessively high-interest rates and towering monthly payments. If you choose to utilize credit repair services, make sure the provider is legitimate, as the credit repair business is an area rife with scams.
Can You Pay A Company To Fix Your Credit?
Credit repair can take several months, depending on the complexity of your case and the number of inaccuracies. While some improvements might be seen within a few months, significant changes to your credit score can take longer. The FTC notes that they have brought about numerous law enforcement actions and lawsuits against bogus credit-related services. In 2010, the FTC also amended its Telemarketing Sales Rule to prohibit for-profit companies that sell their services over the telephone from charging an upfront fee. Read on to learn how legitimate credit repair companies are supposed to operate and what to look for as you make your decision.
This free service can also report your phone, utility and rent payments (more on that below). For example, if your credit cards have a total credit limit of $10,000, you generally don’t want to spend more than $3,000 at any given time across your cards. Your credit report and score both wield a huge amount of power over your personal finances.
Credit repair companies may offer to remove negative information from your credit reports. However, their services can be costly, and accurate information on your reports cannot be removed. You have the right to dispute credit report information on your own at no cost.
Key Features To Look For In A Credit Repair Company
We Service Houston, TX 77079, League City, TX, Pasadena, TX, Pearland, TX, Sugar Land, TX, Cypress, TX and surrounding neighborhoods and cities with credit counseling service. Higher credit scores could help you get access to better interest rates, higher credit card limits, and more. We believe in one-on-one service and that when you call with a question or concern, that you speak with a real person. If you’re looking for a company that will do everything they can to help you achieve your credit restoration goals, then you’ve come to the right place. Give us a call and speak with one of our courteous credit consultants about your bad credit issues today. The majority of our clients see an improvement on their credit profiles in as little as 40 days.
Can Credit Repair Services Dispute Errors For You?
The other side of that coin is that late payments can hurt your score significantly. While this may seem like a lot of work, it’s worth the effort if removing errors from your credit report helps boost your credit score. Once you obtain your credit report, look closely for errors, such as accounts that aren’t yours, incorrect credit limits or unauthorized hard credit inquiries.
It’s a good idea to pull all three reports from three major credit bureaus (Experian, Equifax, and TransUnion) to get a complete picture of your credit history. Debt settlement, credit repair, and credit counseling are all different options you can use to improve your financial situation. Credit repair may also address legitimate negative items on the credit report, such as late payments or collections. This might include negotiating with creditors for payment arrangements, settling debts or writing goodwill letters to request the removal of negative information.