subject: Finding The Right Credit Repair Agency [print this page] Choosing an effective credit repair agency is an important decision when trying to fix a poor credit score. Unsatisfactory credit reports can cause many problems in life. You may be denied a loan from the bank, you may have to pay more deposit for services and rentals, and in serious cases, you may be denied of job opportunities because of the low creditworthiness portrayed from your credit report. As such, fixing your credit has many positive financial implications in your work and even personal life. Although it is possible to increase your credit without the help from a credit repair agency, the time and money spent to dispute your credit report may be much burdensome and relatively ineffective. Especially, when dealing with creditors directly, various personal complications and other emotions may deter reaching a settlement that is ultimately beneficial for both parties. Thus, fixing your credit through a specialized company is a much more prudent, unless you are completely broke.
There are numerous companies that offer credit repairing services in the market. Several large volume companies, however, use automated programs to service their clients. That is, although such companies charge relatively less for their service, the clients receive simple computerized services in which there is no personalized attention in fixing your credit. Such credit repair agency use computer dispute software programs that simply load up the list of your accounts and ask you which ones you want disputed. Then, the selected items are sent to its next process of sending a generic dispute letter to the appropriate credit bureaus. Although the use of the software may make it easier to fixing your credit, you can easily do this on your own at an even lower cost. All consumers are entitled to a free credit report from major bureaus, once per year, which consumers can use to dispute inaccurate accounts.
On the other hand, there is a handful of customized and personalized credit repair agency that provides a human to human service. Such companies utilize all tools to consider comprehensive information of the accounts as the number of open accounts, types, balances, and a list of compliance problems on your accounts. Fixing your credit requires more than a simple dispute letter to be effective. Although a customized credit repair agency may charge more than typical large credit fixing companies, such agencies will provide a much more satisfactory service and guarantee. By using provisions proposed on the Fair Credit Reporting Act (FCRA), these agencies will protect you from any credit slanders that are based on inaccurate and unverified accounts. All incorrect and unjustified accounts are subject to be deleted or updated by law.
Fixing your credit will lead to many advantages in life, such as lowered interest rates on your automobile loan, monthly payments on insurance and even promotions in employment. Statistically speaking, most credit reports contain errors that can be adjusted to increase your credit score. By utilizing specialized credit repairing companies, you can expect to obtain an increase in your financial situation.
