Credit Restoration Companies - Different Strokes For Different Folks

Credit restoration companies have flooded the business world

. You might find it difficult to find the right company that perfectly suits your needs that can attend to your specific credit repair requirements. If you pick an unscrupulous company, you are at risk of getting a worse record than an improved credit standing; but if you pick the perfect company, your personal file will look better in no time.

You also have to consider a lot of things aside from cost, when looking for a credit restoration company. Realize that cost and quality is not the same thing. Discussed below are two types of credit companies. One or the other might just be the right company for you.

The first type is usually run at home by one person. This type of company usually offers many services for a very low price. It is not impossible for this type of companies to be totally hoax companies. Not only will you be losing your money because of this scam, you are also putting your identity at stake. Identity theft is very common in online transactions nowadays. So unless you're sure about the reputation of the company, do not just give out personal information right away.

It is true that not all credit companies under this category are scams; but it is very likely that the person running this is not really aware of all the requirements that credit restoration businesses should comply. A company of this type usually has 3 or 4 templates of dispute letters, but the truth is there are cases wherein general dispute letters are not appropriate to be used.

General dispute letters do not really guarantee permanent correction of errors in your credit file. There is a great possibility that the error may still appear in your next report.

The second type of credit repair is similar to that of the first type; except that this business rents out a desk or space as its office and still uses generic dispute letters in handling customers. Compliance to regulations in credit repair is also something to be watched out for with these outfits.

Companies that belong to this type usually make use of a cheap software program to enable it to handle clients by the volume. However, their dispute letters for all these clients are all similar, which is not really appropriate for clients who have specific needs.

These two types of credit restoration service companies comprise 90% of the industry. There are two more other types that comprise the remaining 10%.

by: Dallas Hart

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