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A bad credit score is the last thing you want because it negatively affects your ability to get a loan. And if you manage to get a loan, you’ll pay high-interest rates. This is why according to SFgate.com, you need to work with a credit repair company to remove items that are harming your credit score. These include bankruptcies, debt collections, and late payments.
If you want to improve your credit standing, the first place to start is by choosing a trustworthy credit repair company. However, you need to be careful not to fall into the hands of fraudulent credit repair companies looking to take advantage of desperate individuals. And to ensure this doesn’t happen, here’s a guide on the six things that should be evident from any reliable credit repair company.
- Transparency
Any trustworthy credit repair company should be transparent in all its dealings, and this should be the first thing you confirm before signing up with them. And to gauge how transparent they are, there are certain things you should closely examine, and these include;
- Work to be done: The credit repair company should in detail explain to you how they’ll help you repair your credit standing. They need to do this by explaining how they go about with the credit repair process. In addition, they should answer any question you ask them. If they hesitate to do any of this, wait no longer, as this is enough proof that they’re a scam company.
- Full contract: The law states that every credit repair company must clearly offer its clients a detailed and transparent contract before signing them up. This contract should include a comprehensive list of services to be offered, the price, and all stipulations that need to be disclosed.
- Upfront pricing: The credit repair company should be upfront on how much they charge for their services. Every reliable credit repair company does this by stating the pricing for their services on their website.
If a credit repair company is hesitant to disclose any of these details, don’t wait, as this is a red flag, and you should make a run for it to avoid getting conned.
- High Success Rate
If you desperately want to repair your credit score, it’s prudent you work with a company that boasts a high credit repair success rate. The record for such a company speaks for itself as it’s helped other individuals with credit problems. Such companies usually have an excellent reputation and are often recommended by friends or family who have used them in the past.
You can also check online reviews and testimonials to see whether other customers have a positive experience working with the company. With the right credit repair company, you’ll be fast on track towards recovering your financial health.
- No Quick Fixes
Repairing your credit score takes time because it entails clearing all your outstanding debt. Therefore, you shouldn’t trust any credit repair company that promises to improve your financial health quickly. Besides this, other signs of a devious credit repair company that should be a red flag include;
- Encourage you to follow illegal procedures to repair your credit score, such as getting a new credit ID or lying on your documents.
- Take a prolonged to get any positive results because it should only take six months at most for you to start noticing some improvements.
- Money-Back Guarantees
Every reliable credit repair company should offer you a money-back guarantee. After all, you want to be certain you’re getting maximum value for the services you’re paying for and, if not, get a reimbursement. Any credit repair company that believes in its quality of services should be confident enough to provide you with a money-back guarantee. After all, this shows that they indeed aren’t only after your money but to ensure you get quality services.
- Excellent Customer Service
Any credible credit repair company should always be ready to provide you with prompt assistance whenever you need help. This superb customer service is something that all the best credit repair companies have. Therefore, you can quickly get the needed assistance when in need of any assistance or have any questions on what steps you need to take. This is crucial because the credit repair process for the average person can be somewhat complex.
- Legally Upright
Some credit repair companies are ready to lie to improve your credit score. And while this might work and be pleasing at the moment, it’ll undoubtedly come to haunt you at a later date. When this happens, your credit standing won’t be the only thing you’ll be worrying about, as you’ll most certainly have a problem with law enforcement authorities.
With this in mind, any trustworthy credit repair company should only repair your credit score by following proper protocols that don’t go against the law.
- Transparency
Any trustworthy credit repair company should be transparent in all its dealings, and this should be the first thing you confirm before signing up with them. And to gauge how transparent they are, there are certain things you should closely examine, and these include;
- Work to be done: The credit repair company should in detail explain to you how they’ll help you repair your credit standing. They need to do this by explaining how they go about with the credit repair process. In addition, they should answer any question you ask them. If they hesitate to do any of this, wait no longer, as this is enough proof that they’re a scam company.
- Full contract: The law states that every credit repair company must clearly offer its clients a detailed and transparent contract before signing them up. This contract should include a comprehensive list of services to be offered, the price, and all stipulations that need to be disclosed.
- Upfront pricing: The credit repair company should be upfront on how much they charge for their services. Every reliable credit repair company does this by stating the pricing for their services on their website.
If a credit repair company is hesitant to disclose any of these details, don’t wait, as this is a red flag, and you should make a run for it to avoid getting conned.
- High Success Rate
If you desperately want to repair your credit score, it’s prudent you work with a company that boasts a high credit repair success rate. The record for such a company speaks for itself as it’s helped other individuals with credit problems. Such companies usually have an excellent reputation and are often recommended by friends or family who have used them in the past.
You can also check online reviews and testimonials to see whether other customers have a positive experience working with the company. With the right credit repair company, you’ll be fast on track towards recovering your financial health.
- No Quick Fixes
Repairing your credit score takes time because it entails clearing all your outstanding debt. Therefore, you shouldn’t trust any credit repair company that promises to improve your financial health quickly. Besides this, other signs of a devious credit repair company that should be a red flag include;
- Encourage you to follow illegal procedures to repair your credit score, such as getting a new credit ID or lying on your documents.
- Take a prolonged to get any positive results because it should only take six months at most for you to start noticing some improvements.
- Money-Back Guarantees
Every reliable credit repair company should offer you a money-back guarantee. After all, you want to be certain you’re getting maximum value for the services you’re paying for and, if not, get a reimbursement. Any credit repair company that believes in its quality of services should be confident enough to provide you with a money-back guarantee. After all, this shows that they indeed aren’t only after your money but to ensure you get quality services.
- Excellent Customer Service
Any credible credit repair company should always be ready to provide you with prompt assistance whenever you need help. This superb customer service is something that all the best credit repair companies have. Therefore, you can quickly get the needed assistance when in need of any assistance or have any questions on what steps you need to take. This is crucial because the credit repair process for the average person can be somewhat complex.
- Legally Upright
Some credit repair companies are ready to lie to improve your credit score. And while this might work and be pleasing at the moment, it’ll undoubtedly come to haunt you at a later date. When this happens, your credit standing won’t be the only thing you’ll be worrying about, as you’ll most certainly have a problem with law enforcement authorities.
With this in mind, any trustworthy credit repair company should only repair your credit score by following proper protocols that don’t go against the law.
