Do you know how a credit repair service works? If you want to improve your credit, this article is for you.
Having good credit opens the door to opportunities. Unfortunately, not everyone has great credit. Mistakes can happen, resulting in lower FICO scores.
Companies can report the wrong data to the credit bureaus, by confusing you with someone else.
Then there’s COVID-19. It caused mail delays in 2020 that led to missing paychecks, late bill payments, and more mayhem.
Things happen, beyond our control. And even the most disciplined and organized home bookkeeper has paid a bill late at one time or another.
Medical debt is the number one reason people in the United States get into debt and wind up with poor credit, or worse.
If you’re recovering from a severe illness, do you have time to argue about medical bills? Nope! Not if you’re like most of us.
Luckily, it’s still possible to fix a bad credit score, even with severe challenges. But most people don’t feel confident about negotiating with creditors.
Here’s where a credit repair service makes a difference. Let’s look at six reasons to use a credit repair service.
1. Experienced Professionals Can Get Results Faster
Credit repair takes time, as different parties try to resolve the situation. An experienced credit repair professional knows that raising low credit takes persistence. They can stick with it until your FICO score bounces back.
Above all, they know enough about credit and debt collection to detect if the other side is stalling- and they can work to ensure a speedy resolution.
2. You Don’t Have to Haggle
Hiring a debt negotiator prevents you from being taken advantage of by debt collectors. It also lowers anxiety. Unless you’re an extremely aggressive, argumentative person, haggling is never fun.
Some people have tried to work two or three jobs and reduce their debt at the same time. It’s possible, but more often doesn’t get them the results they need.
Besides being a losing battle, dealing with creditors on your own can take a severe toll on your physical and mental health. The last thing you want is to add to your stress when you’re already run down.
A credit repair service can lower your stress by removing the need to go back and forth with your creditors. It will allow you to live your life, focusing on your career and other responsibilities.
While you’re making personal progress, your credit repair agent will stay busy on your case and give you regular updates.
3. They Know Your Rights
Since the laws about credit are mysterious to most people, trying to negotiate with creditors can be tricky. It’s better to have an expert represent you because they know your rights.
Most of us know that payments over 30 days late will be reported to the credit bureaus. But beyond that? It gets complicated, and much more so when you’re talking about fixing bad credit.
If you’ve been harassed by phone calls and messages from debt collectors, credit repair can stop them. There are rules about debt collection that have to be followed.
If a creditor violates those rules, you have a right to sue. This works to your advantage because you can use it to negotiate.
A good credit repair agent won’t put up with BS from the creditors, and won’t allow them to treat you unfairly. You’ll be much better off having someone knowledgeable on your side.
4. They Have Access to Information
The research involved in credit repair is much more detailed than merely checking your credit reports.
A good credit repair service will look at your account histories and ask questions about how your wound up in your situation. This isn’t to judge you- they just need to get an accurate idea of what happened.
Credit repair agents know how to call your creditors and demand detailed information. When they negotiate, they use this information to work out a deal or in some cases get your debts completely reduced.
5. You Won’t Be Alone in the Process
In addition to conducting research on your finances, a credit repair agency will be there to answer all your questions.
They may be able to advise you on how to get back on your feet financially. In any case, you’ll have someone fighting for you, and they want to win.
If you’d like to speak with a credit repair expert, all you need to do is schedule a free consultation.
6. It’s an Investment in Your Future
Fixing your credit as soon as possible is an investment in your future. A high credit score means freedom to do more and experience better options in life.
With great credit, you finally won’t have to worry about getting those polite but negative rejection letters in the mail.
53% of Americans have missed out on loans because of poor credit. Credit can also affect your eligibility for jobs, too, although it shouldn’t be the only deciding factor.
Credit shouldn’t be used to judge character since late payments can happen due to circumstances beyond our control.
But some companies still check if they’re thinking about establishing a direct financial relationship with you.
If you want to borrow money for a mortgage, a new car, or want to rent an apartment, prepare to have your credit evaluated. The higher your score, the more likely you’ll be approved to do what you’d like to do.
Hire the Best Credit Repair Service
So now you’ve seen a summary of the reasons why you should hire a credit repair service. When you’re ready to hire a professional to help you, remember that they’re not all alike.
We specialize in getting results faster than most. We get hired by many customers who trust our credibility because we produce results.
To see what we can do for your credit, contact us today!