Are you looking for ways to improve your credit score? Do you worry that you won’t be approved for the next loan that you apply for? If so, then you need to research where to find the best credit repair companies near me.
Doing so can help you right the ship. You’ll start to take concrete steps towards improving your credit score in the immediate future, as well as learn preventative measures to keep it at a desirable score in the future.
See below for an in-depth guide on how to find the best credit repair company in your area. Be sure to apply everything you see below.
What Does a Credit Repair Company Do?
You’ve lost your way. You’ve made a few wrong turns with some purchases in the past and need to correct your course. You aren’t alone!
In fact, studies have shown that, on average, a third of Americans have a credit score that is lower than 601. This is the highest score you can have and still be considered to have “bad” credit.
Many people are then stuck to wonder how they can get out of the hole they’ve dug for themselves. That’s where credit repair companies come in to save the day!
When you hire a credit repair company, they will start to look into different ways that they can improve your score both instantaneously, as well as gradually over time.
They will communicate with creditors and bureaus to try and identify any mistakes or false information on your credit reports, then have them removed right away.
As you might imagine, there are two types of credit repair companies: legit businesses and scammers.
Fortunately, there are several telltale signs that you can use to spot a trustworthy credit repair company that you should hire. Let’s dive into those now!
Signs of a Legitimate Credit Repair Company
We’ve all heard horror stories about people that have invested money into scams. However, what those people fail to mention is that they acted on impulse.
If that customer had performed a bit of research on the “company” beforehand, they would’ve seen the signs. Here are a few things that you can look for to spot a trustworthy credit repair company to work with.
1. Streamlined Communication
To put it simply: scammers will do all that they can to avoid talking with you at length. If they plan to take your money and information, they don’t want you to have any way to trace it back to them.
Be sure to find a credit repair company that prioritizes communication with its clients. One of the best signs is when the service offers a free consultation before you hiring them.
This can also provide you with some great insight into your situation, how they can help, what might be causing your low credit score, etc.
2. Positive Reputation
What’s the best way to ensure that a credit repair company treats its clients well? Ask the clients that have used the service before you! There are three great ways to do this:
- Browse through online reviews
- Request client references from the service
- Read through customer testimonials on their site
The first one is always the best course of action since it offers unbiased opinions. Be sure to ask yourself a few questions while you read through the comments.
Do the previous clients seem happy with the service they received? What success stories are mentioned? How bad was their credit score before hiring the company?
3. Warranties are Offered
This is a big one. Only credit repair companies of integrity will offer warranties for their services.
It shows that they’re so confident in their ability to lower your score, that they’re willing to redact their charges if they can’t remove certain items on your credit report.
Be sure to ask about the details of the warranty they offer. Make sure to get it all in writing/print before hiring the service.
What to Watch for in Scammers
Of course, there’s the other side to the coin as well. You want to make sure you’re avoiding any communication with sketchy companies. Here are a few things that you can look for to identify potential scams:
Lack of Contact Information
Check the company’s website for contact information. If you can’t find any, it’s a common sign that it’s a scam,
Scammers have no shame. They’ll tell you just about anything to convince you of their services. Some of them might advise you to lie or actively avoid informing you of your legal rights.
You should never have to pay before any service has been applied to your credit score. It’s reasonable to at least schedule an appointment before you begin paying for the company’s service.
Promise Immediate Results
Even the best in the business don’t work that fast. It takes time to read through your credit history, identify potentially false info, and contact the bureaus to have it removed.
Disputes Every Little Detail
If there’s information on your credit history that you know to be true, then a reputable credit repair company won’t touch it. That won’t stop scammers, who will claim they can help you get rid of that as well.
Invest in Reputable Credit Repair Companies Near Me Today
Now that you have seen an in-depth guide on how to find reputable credit repair companies near me, be sure to use it to your advantage.
Be sure to visit this page to learn more about the two major federal credit repair laws that you need to know.
For more inquiries on our services, please reach out via our contact us page and we will be happy to assist you further.