If you haven't looked at your credit report in a while, you might be surprised to find mistakes, errors, or even a few black marks. A Credit Repair Company, on the other hand, can help you fix those mistakes and get rid of those bad marks. Watch out for scammers, though, and use these tips to find a good Credit Repair Company:
Don't pay anything at the beginning.
Avoid working with a Credit Repair Company that wants you to pay them before they meet with you. Reputable co...
If you haven't looked at your credit report in a while, you might be surprised to find mistakes, errors, or even a few black marks. A Credit Repair Company, on the other hand, can help you fix those mistakes and get rid of those bad marks. Watch out for scammers, though, and use these tips to find a good Credit Repair Company:
Don't pay anything at the beginning.
Avoid working with a Credit Repair Company that wants you to pay them before they meet with you. Before they ask you for any kind of payment for their services, reputable companies will talk to you, look at your credit report, and talk about your current situation. When a company asks for money up front, it's a red flag that they will probably just take your money and run. No matter what kind of fees you have to pay, make sure they aren't too high. If a Credit Repair Company says your case will cost thousands of dollars, look for another one.
Watch out for people who "re-invent"
Some companies will tell you that you can start over by getting a new social security number and "reinventing" yourself. But that isn't the case! Most of the time, they plan to get you a new credit report by applying for an Employee Identification Number (EIN), which is used by businesses and looks like a social security number, and telling you to use it as a social security number. But this scam, which is called "file segregation," is against the law! Avoid any company that says this is the way to fix your credit.
Find one that will help you help yourself.
A good Credit Repair Company will tell you (for free!) what you can do on your own, like write letters to creditors and talk to the credit reporting agencies about mistakes. Avoid any Credit Repair Company that tells you to do something illegal or unethical, like disputing a charge or fee on your credit report that is correct.
Check with the Better Business Bureau before you sign up with any Credit Repair Company. They will have a record of any official complaints against the company, so you can avoid scammers and rip-off artists.
